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Blog entries tagged with "economy":
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Are we in a recession? Regardless of the formal definition being obvious and present (two consecutive quarters of negative GDP growth) we have some extremely intelligent and successful people suggesting that we are in fact in a recession. Warren Buffet recently declared that the U.S. is "essentially in a recession", regardless … (0 comments)
My good friend Chris Catanese's blog got me thinking today. Chris is not only a great friend, mortgage wizzard, and pretty darn good realtor, but has become quite the social economist. (Chris, you know where to send the check). His blogs deal with the economy and it's effect on the real estate … (4 comments)
Great News!FHA has increased their loan limits.To see how it has affected your state and county follow the following link:https://entp.hud.gov/idapp/html/hicostlook.cfm … (1 comments)
When I first started in REal Estate my boss said ...plan a vacation and the buyers will come. How crazy is that theory? But it is soooooo true. I was at the C21 Conference and sold two houses? How does this happen...is there a great cosmic shift that screams..."she's away, buy … (12 comments)
The Federal Reserve recently published their latest issue of the Beige Book. It is available online. The following is a brief list of it's overall (national) summary findings (using data as of February 25th): 1. Economic activity has slowed since the beginning of the year. Business activity was weakened, slowed or subdued.2. Consumer spending reports were … (0 comments)
On the news tonight I heard a story that I have a hard time believing. As we all know, every newscast has something bad to say about the real estate market and it just feeds the fears of the buyers and sellers. Now tonight I hear that we are, for the … (2 comments)
In February of 2008, Americans filed an average of 3,960 bankruptcy petitions daily. That puts us up 28% from one year ago. As well, we're at a 23 year high on late mortgage payments.
75 years ago yesterday, on March 4, 1933, President Franklin Delano Roosevelt gave his first inaugural address. The country was in desperate economic shape – the throes of the Great Depression – and FDR had been elected in a landslide to do something to pick the country back up. 
I have to admit I'm surprised to know that people are actually reading some of my blogs. With all the blogging going on I am actually being heard. It's nice to touch base with people from all over the country. Keep up the good work. No matter what happens to the … (4 comments)
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My excitement seems to build a bit more each time I drive down Vanderbilt Beach Road and catch a glimpse of the new Mercato shopping center. As a real estate professional my interest is obvious, but my enthusiasm also comes from an understanding of what this shopping center will mean to … (0 comments)
Whenever I hear the news people talking or when I read about their perspectives on the Real Estate Market or the economy or whatever topic they act like they have all the answers about, I remember the source. These are people who are paid to daily publish a story that will … (2 comments)
As you may know there are lots of things you can do to get your financial health back in shape. It can be very overwhelming. I'm going to make things easy for you, one step at a time.First step, start an emergency fund. An emergency fund is easy accessible money for … (2 comments)
Much is made of the media's impact on the public's opinions and actions. Most seems to be true. Approximately every seven to eight years our economy goes through a boom/bust cycle. Obviously we are now in bust mode. 2000/01 saw the dot com crash and the economic impact of the 9/11 attacks. … (3 comments)
Everyone is talking about what the Feds will do tomorrow. Will they lower or raise the Feds Fund Rate? A lot of people actually believe that the Feds will lower the feds fund rate, but they disagree on whether it will be .25% or .50%. For a discussion on that, feel … (1 comments)
Last week was just what many loan officers and borrowers were looking for: a week of sharp improvements in rates. What we saw was a substantial "flight-to-quality" as investors shied away from stocks and moved their money into safer treasury bonds. This was triggered by several reports indicating higher than expected … (3 comments)
We are living in historical times involving the real estate industry! I remember the meltdown of the 80's. For some it was a time of despair. Homes were going into foreclosure in record numbers. Interest rates skyrocketed at times above 20%! Slums were being formed from foreclosed homes that sometimes stayed vacant … (0 comments)
The economy is on everyone's mind these days, and residents of Coweta County GA, a bedroom community near Atlanta, are no exception. The county seat, Newnan, could be like any other small town in the United States. We have our quaint downtown square, which is still alive and robust, with nice little … (1 comments)
Zillow has posted a home value indicator for 4th quarter. It shows percentage decline/increase in values by area with color values . Check it out:http://www.zillow.com/quarterlies/QuarterlyReports.htmAlthough we all know Zillow has it's faults, it's an indicator in it's own right by comparison. They have realized this, and allowed for local input by price … (5 comments)
Wow...last week, I was talking with people who were seriously considering getting out of the real estate business. You see it was only 3 weeks ago that mortgage rates were awesome. They were quite stimulating for the economy....a reprieve, if you will in the bastion of negative real estate news. 
Whether you are in the Apex NC Real Estate market, or elsewhere, Time Magazine says "Ignore the Headlines"... (Read full article here: http://www.time.com/time/magazine/article/0,9171,1713483,00.html)
Today was a great day! Sunny, over 50 degrees and the snow is melting quickly! It's been a snowy winter, and I for one am happy it's almost over. The other great news was the sounds of the 10 year bond dropping through the floor! Yes, mortgage rates are getting better … (6 comments)
With the continuing news that the economy maybe slipping into a recession or currently is in a recession, it is time for consumers to seriously consider the reality of the current economic crises. Fed chairman, Ben Bernanke, has a grim outlook on the economy and continues to cut interest rates in … (2 comments)
Mortgage insurance giant MGIC issued their 4th quarter and 2007 figures this month. Included was a $1.67 billion (with a B) loss. 
Thu, Feb 28 - 9:06 AM ET-Weak data pushes Mortgage Bonds up and over the 100 Day Moving Average - currently up 62 basis points. 8:36 AM ET - Sprint Nextel posts a $29.5 billion Nextel writedown. GDP comes in at 0.6% - slightly lower than expectations. Freddie Mac loss widens … (0 comments)
Fed's Expansionary Policy to Fight a Recession:Federal Reserve Chairman Ben Bernanke told Congress on February 27, 2008 that the Feds remain on the course for additional interest rate cuts, thus continuing their expansionary policy to combat recession. The Feds hope to combat recession because lower interest rates will stimulate economic activity by … (1 comments)
Some interesting numbers were just recently released.
Hello to all my colleagues
After posting my latest blog, I popped over and read Renee Burrows' latest blog (I have much respect for her opinion) and she made note of the increase in pendings. So I took another look at my stats and WOW! My stats are a snapshot, and the "snapshot" from 4 Feb … (3 comments)
"To hear the Lou Dobbses and Bill O'Reillys of the world--not to mention politicians ranging from Ron Paul to Hillary Clinton--the middle class of America (however you define that term) has never had it so tough. Between credit squeezes, out-of-control immigration, rising costs of education and health care and everything else, … (0 comments)
In his Feb. 14th, 2008 commentary, Dr. Lawrence Yun commented on the reality of the current state of the nationwide housing market. He states, that although the national media churns out article after article about how bad the housing market is, there are many markets which are not only seeing appreciation, … (0 comments)
President Bush Wednesday signed off on the $168 billion stimulus packaged approved by Congress last week, which, in addition to tax rebates for millions of working Americans and business owners, includes a vital, but temporary increase in the conforming loan limit. The economic stimulus package will allow the Federal Housing Administration, as … (1 comments)
How fragile is the real estate market in comparison to the rest of the world of economics, and what does it take to get us back on track to stabilility and eventually growth?To answer that, we must understand how all the componets work.The Federal Reserve System and the Secondary Market (FannieMae and FreddieMac) … (0 comments)
The Truth About the Mortgage MarketBy Mike BerriosIntegrity Home Financewww.IntegrityHomeFinance.comwww.RanchoBlog.com Rancho Cucamonga, CA - Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of … (0 comments)
Buyers . . . do you need 100% financing? It is not a blanket endorsement, but is instead based very specifically on your geographic area.For instance, if you were hoping to purchase a home using 100% financing . . . you'll want to read the following. Many online loan approval sources … (3 comments)
The other day the local newspaper called to ask my opinion of the "real estate crisis" in our fair town. At first I was flattered that I was asked my opinion but reflecting upon the conversation I feel as though I was a pawn being used by the local media to … (0 comments)
Illegal immigration should be a concern to all American citizens in this election year. With increased anxiety over the economy, Americans should be aware that illegal immigration is expensive -- so expensive that it will deprive taxpayers of enormous, hard-earned benefits in years to come. Click here for more information.With our … (8 comments)
Every year our company, John L. Scott, honors it's Top 1% Realtors with an awards breakfast. Lucky for me that these elite agents also get to bring along their broker! This year the keynote speaker was Dr. Lawrence Yun, chief economist for the National Association of Realtors. 
Montana is still a great place to live AND buy and sell real estate. There was an article that just appeared in the Daily Interlake that quotes Paul Polzin, director of the Bureau of Business and Economic Research at the University of Montana.
So......Why are rates heading higher? Is the economy really doing better? 
Market Recovery: Are You Ready?
For many who didn't know, recent developments have brought home the fact that a robust housing market is key to the overall health of the United States economy. Soft sales activity, falling home prices and rising foreclosures are creating a challenging situation for real estate professionals and local governments, and scary … (1 comments)
Hello from Cedar Rapids, Iowa. Welcome to the IowaMortgageGuy Blog! Glad to have you as a guest and hope to see you back again soon. Hope you find the information useful and informative.It takes a lot of effort to keep our countries financial system balanced. Have you ever wondered how some … (0 comments)
Ding, ding, ding...
Stimulus Plan: With an 81 to 16 vote, the Senate passed an amended version of H.R. 5140, a $150 billion plan to jumpstart the economy with temporary tax breaks for consumers and businesses, extended benefits, and most importantly, two provisions designed to assist the housing market. According to CNN, the House … (0 comments)
February 12, 2008
"What does Olathe and Lenexa, KS real estate look like right now?" Well, here we go:
What would you do if someone walked up to you on the street and gave you a check for $1,200? If the federal government's economic stimulus plan passes as expected, you could have to face this decision as early as May. Since 2/3 of the U.S. economy is based on consumer … (1 comments)
Mortgage markets are conflicted about the U.S. economy and the confusion is impacting home buyers.If you've recently tried to lock a mortgage rate, you've probably experienced it personally. On one hand, reports of plunging sales suggest that the economy is slowing more quickly than expected. This is recessionary and tends to be good … (2 comments)
This is great news for California, hopefully more buyers will hop back into the market.
2/08/2008 Sand through the hour glass http://www.integrityrealty.net/ joel@joellawson.com 
For those of you who keep track of the real estate market across Canada you will know that Saskatoon, Saskatchewan has the fastest growing real estate market in 2007. The average selling price on a home in Saskatoon for 2007 was $232,362. In January, 2007 average price was $190,037 and ended in … (0 comments)
Good News ! 
I am a franchise owner of a very progressive privately owned real estate and related-services provider. While many of the corporate franchises in my neighborhood are focusing on increasing ways to get a dollar out of a client, my firm is focused on increasing ways to bring buyers and sellers into the … (0 comments)
I just read that congress is sending the approved stimulus package to the President. There was some speculation that the final bill would not include increased loan limits for FHA backed loans. No more speculation. . . it's in there and it's great news for consumers in high cost areas. This … (4 comments)
Will lower property taxes be enough to get people to buy homes in South Florida? It may have helped 18 months ago but many other factors in home buying decision making have changed for the worse. And these property tax reforms only affect homesteaded properties which according to the City of … (5 comments)
The US appears to poised on the very brink of recession. Investors are reacting as news of a contraction within the service sector for the first time in five years, an FBI investigation into predatory lending, and increasing unemployment statistics, has sent shock waves of panic through stock markets worldwide. Who … (0 comments)
You would think that fed cuts would spur the availability of credit. The opposite seems to be the case. Banks are now tightening (lending standards) credit for consumers and now businesses.
Tell the Senate that the Economic Stimulus Package Must Contain Relief for Homeowners 
**Click Here To See The Original Post at WealthWithMortgage.com**
New Home Sales Are the Worst since 1995 Purchases of new homes fell to a new 12 year low ending in Dec of last year, the biggest annual decline on record. The medium price also dropped last month by 10% from Dec 2006, the biggest decline in 37 years. These reports may reinforce … (1 comments)
Despite what Washington or the media says, all signs point to the fact that we are in a recession. The 2008 Presidential candidates claim we're in economic trouble. Recent bold moves by the President, the Congress and the Federal Reserve are aimed at halting further economic decline.In an emergency session on … (0 comments)
Between our recent ranking as the #1 City to Live & Make Movies by MovieMaker Magazine and the upcoming ground-breaking of Villa Muse, a studio-focused development, Austin is moving into the big leagues in the entertainment industry. While we've always had a plethora of creative talent, Austin has taken the back … (2 comments)
2008: