Fifty years ago this week the “Space Age” began when Russian Cosmonaut Yuri Gagarin orbited the Earth exactly once. Since then, a rover has been
The news last week from the Obama Administration on new initiatives to help troubled homeowners definitely left the real estate industry whirling over what would
At last, spring has arrived! During the harsh winter months, you might have thought animals were the only creatures hibernating, but apparently home buyers and
Although President Obama said in his State of the Union Address that the worst is over, we know—at least for the housing market—that we still
The new year is already starting out with a bang, with a plethora of news buzzing about in the real estate industry. As positive and
Happy Holidays! As we look forward to a New Year, we may not see the real estate market recover as much as we all hope.
Selling through the current economic “Yin-yang”
(The coherent fabric of nature and mind, exhibited in all existence)
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.
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