Week in Review: Things We Liked from the Week That Was
The warmer temperatures have brought, along with seasonal allergies, a sense of hope and perhaps a flurry of optimism to the housing market. Last month,
The warmer temperatures have brought, along with seasonal allergies, a sense of hope and perhaps a flurry of optimism to the housing market. Last month,
Known for his ability to predict the market, Warren Buffet this week said the housing market will recover by 2011. Although this is fantastic news,
This week officially kicks off the beginning of real estate season or, as I like to say, the Real Estate New Year. The 2.9 percent
We had a mixed bag of news this week. Do you want the good news or bad news first? A storm cloud hung over the
When it comes to the current real estate climate, we at Better Homes and Gardens Real Estate have been preaching cautious optimism for months, as
Four and one-half years after we entered this downturn, many real estate professionals still attempt to close transactions through the sole use of traditional forms of financing. By traditional, I am
In the coming weeks, you will be reading a lot about our specific ideas on the Next Generation Brokerage. It’s important to explain why we believe
Selling through the current economic “Yin-yang”
(The coherent fabric of nature and mind, exhibited in all existence)
The Yang
It is interesting how there always seem to be two sides to every economic rebound. One recent effect of increased real estate market activity is a gradual increase in long-term mortgage interest rates. After bottoming out this past March in the vicinity of 4.5% for a 30-year fixed loan, the current and still historically low rate of 5.5% seems inflated to increasingly price-sensitive consumers. As a result, homes sales and refinancing are being impacted, albeit only slightly.
There have been several big releases over the last few days. Let’s take a look at each and what figures are most important to those
At 10am this morning, the National Association of REALTORS® released its year-end summary of existing home sales (their commentary can be read here). As with our
Where is the economy headed? When will the recession end? How much lower will housing prices fall? How long will interest rates stay as low
Last week, Fannie Mae released its Economics & Mortgage Market Analysis. This morning the National Association of REALTORS® released its November summary of existing home sales(“EHS”).
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