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Blog entries tagged with "economy":
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There's nothing wrong with the economy as long as people pay $3 for a cup of coffee.I for one am sick of the doom and gloom of the media. They keep saying we are in a recession, but very few of the talking heads point out what a recession is: a … (5 comments)
Good evening! 
This snippet is from a recent Forbes.com article on rent affordability. What caught my eye was the phrase I bolded and underlined below.
Well....as expected the fed made it's move today. It met today at 2:15 eastern time and announced that the Fed was cutting the fed rate. Analysts have been split as to how much of a fed cut it would do. Many thought the the cut was to be 50 bps or … (0 comments)
Fears in the market.... ?? Are you hiding because of such fears in today's market place? I think many of us were scared 6 months to a year ago. The media was talking about how bad it was out there. We had the so-called mortgage meltdown. But was it really that … (10 comments)
Hello to my colleagues and clients
I want to thank all of the citizens of Florida who went to the polls on Tuesday and voted to approve the recently proposed Amendment 1. 
Hooray for the Federal Open Market Committee (FOMC< the Fed) cute rates by a half point and lowered their rate top 3.0%. They also ,oowered the discount rate to 3.5% which is something we don't hear much about inteh news, just in here and other small places like my brain on … (1 comments)
Ok why I am saying is not exactly science but rational thinking.You hear about it on TV. You read about it in the paper and on the internet.The economy is doing not so great and real estate is in a down fall. What bothers me about that is that those "experts" … (0 comments)
According to David L. May, Ph.D., Professor of Economics at Oklahoma City University, the Oklahoma City metropolitan area economy should continue to outperform the nation as a whole for a number of reasons. Dr. May cites the following reasons for the robust local economy:1. The Oklahoma City housing market has remained stable, … (0 comments)
The news makes a recession to be a really, really bad thing. Sometimes, however, a recession is the “righting” of a market that has been “over-corrected”. A slight recession is not always a major thing, but the next step down is a “depression” and that is really not good. So any … (2 comments)
Some excellent insight into the currect economic situation, the housing issue, the pending election, and the real state of the economy..."It is hard to imagine any time in history when such rampant pessimism about the economy has existed with so little evidence of serious trouble..." "With housing so weak, the recent … (-2 comments)
In recent months, the sub-prime crisis has reached unforeseen heights, infiltrating banks and financial institutions worldwide and causing many to report multi-billion losses due to the risky investments going sour. While the underlying economy of the US appears to be relatively robust, and the dollar's continued weakness has made investment and … (0 comments)
This is Roxanne DeBerry and I was just reading information from the Real Estate Center at Texas A&M. Boy does it paint a rosy picture for our state projected out to the year 2030. Based on the information provided by them it looks as if Texas will add another 10 million … (1 comments)
Treasury notes gained, posting their sixth straight weekly advance, as a decline in stocks fueled concern that the U.S. economy will fall into recession. Traders pushed U.S. government debt to the best start to a year in two decades on speculation the Federal Reserve will cut interest rates by as much … (1 comments)
At the beginning of the year, I predicted here that the newspapers would start printing stories that will actually help us. Their headlines up to now have been less than kind to the real estate market, the real estate profession and especially the real estate mortgage profession. One might suggest that … (1 comments)
So I have heard a couple things this week. One is: Millions of Americans will receive a check for $600 (this was one of 3 amounts I heard).This money is suppose to be used to SPEND SPEND SPEND !!! Get our economy going. It's that whole Reagan-onmics... Have More.. Spend More...The … (0 comments)
1/25/08 The worst housing financial crisis is only going to get worse, a Merrill Lynch report said today...they forecast a 15 percent drop in housing prices in 2008 and an additional 10 percent drop in 2009, with even more depreciation in 2010.With news like this, buyers are going to wait to … (0 comments)
It appears we may have reached a bottom in housing. A few factors remain such as a reduction of inventory and continuing foreclosures. BUT... Nevertheless we are getting very close to seeing a continuing fall in pricing!Chris! U.S. Homebuilder Index Set for Best Week Since Inception By Brian LouisJan. 25 (Bloomberg) -- … (0 comments)
Housing Prices to Freefall in 2008
Looking for realtor opinions here, want to see how the real world views home prices vs. what the media is saying. … (3 comments)
The Mortgage Bankers of America posted an Executive Podcast Forecasting 2008. The comments started with comments addressing how many of our collegues are out of the business, but also points to borrowers who acted in ways that created the current issues we all feel in the Economy. Get a couple of extra cups … (10 comments)
ECONOMY: Calgary's GDP to grow 3.3% to 3.8% next year, unemployment at 3% to 3.3%
Selling your house with code violations. Selling your house with code violations could be very costly to you the seller.You should inform all prospective buyers in writing of any work that was done to your property without the proper permits. If you don't, the buyer could sue you if something later … (3 comments)
When I was told about this yesterday, I didn't believe it. I said "you must have misread that, the government wouldn't just give us money" but that seems to be exactly what they are doing."The rebates would be at least $300 for anyone who earned at least $3,000 in 2007, with … (11 comments)
According to annual report released on Tuesday, "Asia is home to the world`s freest and most repressed economies, but Europe ranked highest as a region in terms of economic freedom" … (0 comments)
What's in fashion? Short sale! if you are not having one you are not cool! Well Not Really!! you are actually the opposite of it all the way! I don't understand one thing why the bank is agreeing to all these short sales? people are doing this because they feel their … (3 comments)
The problem of waiting, is one of the reasons why the real estate and mortgage industry is such a shambles. If you know what the problems are, take decisive action to fix the problem. 
The U.S. economy is going to get a "shot in the arm" with your tax money weather it needs it or not. Congress is working hard to pass legislation that will pay each single person $600 and each couple $1200. Additionally, they are planning on paying each person $300 per child. … (7 comments)
This may be a trick question for some of you. You may be experiencing a big downturn in real estate sales right now. When there are a lot of foreclosures, the shortage of buyers is a short-lived issue. Soon, buyers will show up ready, willing and able to buy houses - … (8 comments)
I had a great dialogue here on Active Rain with another Real estate agent about the difference between The Fed Rates and the mortgage interest rate that I think is more indepth than just the original article I did. Here is the original post and the comments back and forth.
Interest rates shot up from.75% to 1.25% on PRICING. This means opening rates tomorrow could be as high as 6% at PAR. Why? Simple: The DOW shot up nearly 300 points in a late rally.Folks, you can't eat your cake and have it too. When the mortgage people tell you: No, … (10 comments)
Please wait while I set my soap box down. I am about to give my opinion on this disgusting turn of events by our government.The Fed lending rate cut, for the most part, bails out the Banks.The short term Fed rate is the rate Banks can barrow from the Fed resulting in them … (0 comments)
Everyone is curious about our local real estate market, especially in light of all the negative coverage being shown by the media these days. The news in our area is encouraging. 
Here in the Mt. Washington Valley in northern NH it is extremely frigid right now...not just the temperature but the real estate market has significantly cooled (more like frozen over) since last year. However, there are some signs of life beneath the ice. Buyers who have not been dissuaded by negative … (2 comments)
Before the market even opened this morning, the Fed announced another rate cut. I had expected them to cut the rate next when they had announced the probability of it next week. However, they felt that with the looming recession, that it was prudent for the economy. The federal fund rate … (-1 comments)
We are still hearing some doom and gloom forecasting from the national media, but here and there we are also beginning to hear snippets of positive reporting, especially in our local Tucson area. So what's going on? Are things really turning around? Let's look at the numbers.
A booming economy fueled by real estate and a stock market that is over valued? Low unemployment. High energy cost. War in the middle east. Tightening monetary policy. Land devaluing? Stock market falling.This is not a scholarly post. You can do a search on "bubble economy Japan" and get many pages of things … (3 comments)
Some financial experts have labeled 2007's market as the "roulette economy." As we all know, whatever goes up must come down, but the nice thing about real estate is that whatever goes down always comes back upward again (much like stocks work).
So you are the leader of the pack in the United States of America. You are told of a problem. What to do? The ecomomy needs a boost. It is sort of like having hundreds upon hundreds of starving children.
Yesterday afternoon turned out to be a snow-day here in Northern Virginia; all of my kids were home and no one was going anywhere. I made a cup of coffee and sat down to ActiveRain.I was pleasantly surprised to run across two really great posts about getting the economy and real … (0 comments)
Donald Trump sat down Thursday night with Jim Cramer of Mad Money (see video) to discuss the current economy. Although the discussion covered a variety of economic topics, what was most appealing to me was his thoughts on real estate. For quite some time now we have been advising our clients … (3 comments)
I read today that the President and Congress are considering a bigger, better, bolder, brighter redux of the strategy that kept our micro-mini recession in 2001 under control-- rebates! The President's theory (and, of course, he's not thinking this stuff up on his own) is that by infusing cash into the economy … (37 comments)
Welcome to the first 2008 snapshot of what is going on in our market place today, January 18th. 
Bush considering $800 tax rebate to boost US economy
More good News from the Rock- Keep it coming 
I am curious to see what real estate professionals see 2008 holding for the housing market across the country. Many areas have still remain untouched, i.e New York City, but the majority have seen major drops in value and increase in inventory. I believe that the market as a whole will … (4 comments)
January 11, 2008
Well, here's hoping you're safely through the holidays, and that Santa, in his munificence, deposited more than the richly deserved lumps of coal in your moth eaten stockings. With that cheery greeting, let's start the year with a slap in the yap from the housing market. I know I told you … (15 comments)
The Federal Reserve Chairman all but admitted he made big mistakes in trying to fix this economy. I came across this article and thought it should be posted for the public to hear and to respond. The article post states:"Watch this video if you want to see what our country's economy is heading … (1 comments)
According to Moody's Economy.com, Austin ranks high in the lists of the best cities in the country for jobs in 2008. Moody's uses five data points to create these rankings (they are weighted equally): the state's unemployment rate, job growth, income growth, median household income and cost of living for the … (0 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 January 7th): 1. Economic activity increased modestly since the last report, but at a slower pace. Expansion was characterized as moderate, modest and mixed. The … (0 comments)
This morning I cherry picked some of the most unique and nicely priced properties to my blog.
When the national press continuously hammers the overall state of housing, it is no wonder that the public has high anxiety about the housing market. The media would have you believe that all markets are suffering like Las Vegas, Detroit and Florida. Las Cruces, New Mexico is an example that real … (0 comments)
Aurora, Colorado is a suburban community located just east of Denver in the high plains of Colorado. Besides your typical benefits and services (housing, shopping, transportation), Aurora has a few things that might surprise you (and your clients).
Yesterday rumors were flying around about Countrywide being on the verge of bankruptcy, and yesterday the decision was made by Bank of America to purchase Countrywide. In the following weeks we will I'm sure see many changes in their guidelines, but I'm glad to see that they didn't go out of … (16 comments)
Has anyone read Alan Greenspan's New Book?My husband and I are taking turns reading it to each other, and although I am not a strong analytical person such as my techno-computer and stats loving husband, it is fascinating. The Fed has a tougher balancing act than most of us could ever dream of. … (5 comments)
Just closed on an 11 acre piece of vacant land. I commend the Buyer. He has acquired a windmill permit and now has a contract to sell energy to electric company. He has stated that his plans are to only use a small portion of the land for his future eco-friendly home and seems … (2 comments)
