Next Step!
Last week, the tax credit expired. Is that good or is that bad? California has made their decision to state-fund their version of a tax credit in an attempt to continue to drive their housing market – but what about everyone else?
Last week, the tax credit expired. Is that good or is that bad? California has made their decision to state-fund their version of a tax credit in an attempt to continue to drive their housing market – but what about everyone else?
We talked a lot last week about the swirling arguments in the real estate industry. This week, it seems as if we are starting to
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
What a busy week! Health care reform, believe it or not, was not the only thing happening (although the flurry of articles surrounding it may
In anticipation of another decade coming to an end, I began to ask people within the industry where they were 10 years ago, and what
Maybe it seems self serving, but to me the biggest news of the week is that we have doubled our size with the new affiliation
According to the 2010 Farmers’ Almanac, this coming winter “a large area of numbingly cold temperatures will predominate.” However, I suspect the warming effects of
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 is evidence that the soft real estate market is stabilizing, but let’s not gets too carried away! Signs of weakness in the real estate sector are slowing and while that is surely a welcome sight, it is important not to confuse these signs with an actual recovery.
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