River Region Escapes Housing Crisis!

A snippet from WSFA:

While many parts of the country are still suffering through a horrific housing slump due to the sub-prime mess, the River Region seems to have escaped the pain.

"We're actually seeing investors taking a look. You've got the military, state government and Hyundai," said Fain.

There is another reason. Alabama is a conservative state and lenders didn't dabble in exotic loans.

"Those programs never arrived here and I think it's paid off," said Vicki Williams of Anchor Mortgage Services, Inc.

Find the full story here.