Saturday, November 14, 2009
Monday, October 19, 2009
Thursday, February 19, 2009
Overall January Home Sales Decline; Foreclosures Down 41 Percent as Mitigation Efforts Increase
Thursday, February 12, 2009
Tax Credit Update
Wednesday, February 11, 2009
Tax Credit Just Got Smaller
Saturday, February 7, 2009
What does the stimulus/spending package mean for housing?
While most experts seem to agree that we need to fix housing before the rest of the economy can get going the congress hasn't figured out how to jump start the housing market. It looks like the senate will approve some sort of package early next week. One encouraging addendum that has been approved and will hopefully be added is the tax credit up to $15,000 for any home buyer. This will help jump start this market. If approved this will offer a great opportunity for any home buyer but you better act fast. With all this spending comes a price. With almost a trillion dollars of new debt we will probably see a rise in interest rates. There will be a window of opportunity to take advantage of low rates, low prices and a tax credit if approved. Keep a close eye on what happens this weekend and early next week and be ready to make a move!
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Friday, January 30, 2009
Don't look back!
My advice would be DON'T LOOK BACK! Forget about what your home was worth and think about what your home will be worth in 5-10 years. Then think about where you want to live in the next 5-10 years. If you are looking to move up in price it makes great sense to sell at a discount and buy at a bigger discount. Look forward not back. If you wait, you will end up getting more for your house but you will pay more for the new one. The bottom line is you will end up owing more if you wait and you will probably not be able to get an interest rate as low as they are now. So don't look back, look forward and act now before this opportunity passes!