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
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.
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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