The Prime rate is down to 5.25% and the Fed Funds Target rate is down to2.25%, which is the lowest it has been since Feb of 2005. Housing inventory is way up, credited mostly to short sale homes. If you are looking to buy a home, it is a great time to do so. If [...]
Entries from March 20th, 2008
Homes Sales for Existing Homes Flat before likely Gradual Recovery
March 11th, 2008 · 5,416 Comments · Uncategorized
According to the National Association of Realtors, the volume of homes sales are likely to hold steady through late spring, and then once the conforming loan limit is increased, is likely to gradually increase in higher priced areas once buyers are able to take advantage of the new conforming rate with lower interest rates in the [...]
Tags:
The Good News
March 4th, 2008 · 7,286 Comments · Uncategorized
With all the hype and craziness of the real estate market, there is some good news for the future. The shady real estate agents, appraisers, mortgage brokers, etc are for the most part, out of business. So, you are left with the rest of us who will provide ethical and professioinal service who don’t put buyers in [...]
Tags: