Happy 2008! - 12/31/07 02:20 PM

As an after-comment to all those kind souls who have given my various post a look-see this past year:
Regarding the market for real estate: It may be helpful to note that not all market conditions can be judged on currency valuations and home prices alone.
Here are the things I'm keeping a close eye on as we enter 2008:
The fallout of the subprime: Thankfully the avalanche of bad loans appear to be under close watch How the European Union handles the upcoming home pricing fall and credit crunch: I'm wondering if a one-size-fits-all approach will work Current inventory … (0 comments)

Euros, Dollars & Yen- Oh My... America is a Bargain - 12/28/07 05:34 PM

First off... let me make one thing clear... the graphic notwithstanding, this is not a post about money laundering. It is, however, a post about international currency.
In a nutshell- the dollar's value against other world currencies is depressed. Quick facts:
The Euro has been climbing upward. This year it hit an all time high agains the U.S. Dollar. The Yen? Also climbing Bonus Question...Which dollar is more valuable... U.S. or Canadian? Answer below. The dollar is losing ground against other currencies. And yes, the Canadians own the most valuable dollar.
What does that mean for the United States with … (33 comments)

SilverLinings: New Home Inventories Declining - 12/28/07 03:42 PM

What's a real estate investor to do?
Applying the "buy low sell high" rule to today's market is a simple task. One must glean the good news from the bad. Sometimes it's easy... as is the case in today's Wall Street Journal (Dec. 28, 2007, C1). The Title? "New Homes Sales Data May Contain a Bit of Hope".
The article contains the negative data: New home sales are down- lowest level in five years/50% below peak.
Positive data: The inventory level of new homes is declining. (Down to 520k from the high of 570K).
Depending on where you sit in … (1 comments)

 
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Chuck Willman, Arizona Realtor® 480.292.0600

Mesa, AZ

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Gentry Realty

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