houses: GET THE FACTS- THE LOCAL FACTS
- 09/22/07 02:28 PM
Foreclosures rising, mortgage companies going out of business, home prices decreasing. Headlines like these are filling the news today and may continue for some time. While all these situations may be happening somewhere in the nation, there effects are different in nearly every local market. As Alan Greenspan anthe former chairman of the Federal Reserve was prone to say, " Real estate is a local economic issue not a national one." What does that mean to you if you are buying or selling a home in this market? It means take the attention grabbing headline with a grain of salt and (0 comments)
houses: Current Market Conditions Require Good Guidance
- 06/04/07 05:34 PM
The real estate market is feeling the effects of the changes in the mortgage market as well as the continued(though somewhat reduced) media message of a terrible real estate market. Is the market humming along? No. Is it that no homes are selling? No. The truth lies as usual somewhere in between. Houses priced at 2005 levels are selling quickly and in certain cases with multiple offers. This is happening in the condo market and the highend luxury market. What are the 2005 levels? Probably about 5-7 percent below the high water mark set in 2006. Right now that seems to be the markets' adjustment. Whether it (0 comments)
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