(Unless you flip homes for a living)Pending Home Sales Slump As NAR Warns "Activity Has Essentially Stalled"New Home Sales rose in May, Existing Home Sales dropped in May, and today we find out that Pending Home Sales also tumbled in May... so that's 2 down, 1 up - not good (especially as mortgage apps are tumbling in June)This is the second monthly decline in a row, but Pending home sales are down 2.2% YoY - the 5th straight month of annual sales declines.Home sales fell for the year in all regions YoY, but the decline in the last month was concentrated in the South, while the other three regions reported MoM increases.

Local regional banks and credit unions are the best place to look for HELOCs, not mortgage companies or brokers. 

There is no sense in discussing reckless investment into hot cyclical markets without these safeguards...those investors are not on BP trying to learn how to prudently invest.These BP market correction posts have been going on for years.and the reality is markets are correcting all the time.. in some place in the US.. this is also highly regional. some markets are still in the toilet and maybe will never come back..  

If we ever get flooded out down here, the region will have much more serious issues than FEMA coming along to re-draw their boundaries!

They are or should be working for you as a business in their region. 

Jay Hinrichs With farmers and individuals in those types of markets being hit the hardest, do you think that it would really only be those regions of the housing market that would be affected?

My current list for friendly HELOC terms is Wells Fargo, TD Bank, TD Ameritrade, and M&T Bank,  Your local regional banks and credit unions are good options as well. 

My name is Nicholas, I am from Toronto, Ontario, Canada. i am a 34 year old family man, with my girlfriend( who I want to make my wife one day) and 2 young children(4 yr old boy and 2 yr old girl).

What markets (states, regions, cities, etc)?

@Benjamin Maciel I love the big banks, they do more for me than any regional/local bank or credit union could ever do.