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Despite generously acknowledging that my crystal ball is cracked, I cannot help but try to look forward and come up with a few predictions. This year my crystal ball is not only cracked, it is showing signs of disintegrating! However, I'm going to give it a try and hope that I'm not so off the mark that I injure myself! 1. Interest rates will go up. That's a pretty safe bet. The current ridiculously low interest rates just cannot continue unless the economy as a whole is completely stagnant. There are minute signs of economic recovery and a great (1 comments)
predictions: Cracked crystal ball - Part II - 01/24/09 11:52 AM
Earlier this month I hazarded some predictions about the future of the real estate market. Time to hazard some predictions about mortgage rates. Right now, rates are low, very low historically and the best advice to give anyone looking to purchase in the near future is get going and let the rates float...for now. As we get closer to spring, however, you might want to lock these attractive rates in. Why? Well, the word "inflation" is being heard bandied about. With all the government programs being anticipated, inflation could start being a concern of the Fed. When inflation rears its ugly (0 comments)
predictions: When will the market improve or my crystal ball is cracked! - 01/14/09 03:20 PM
Recently an article came out in one of the e-mailed real estate publications with the headline "housing markets will roar back in 2009". Now, I'm a glass half full kind of person, but even Pollyanna herself would have had trouble buying into that level of optimism. The article based the assumption of rapid recovery on the decline of foreclosures in December as compared to October...with no mention of the fact that there was a moratorium put on foreclosures in December! Of course there were fewer foreclosures...because they were prohibited for many lenders. Oh and don't look for the foreclosures to go up (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the
real estate agents, loan officers and brokers listed on this site
. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors
to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for
the content in these profiles, that are written by the members of this community.