Special offer

Market Observations for the week of November 8th, 2010

By
Real Estate Agent with Berkshire Hathaway HomeServices California Properties 01238708

Market Observations for the week of November 8th, 2010, as you know I do not often comment on this subject, since there is a great deal of daily volatility in the Stock Market and consequently in the mortgage rates as well.

Last Wednesday, the Fed announced that, to help boost the economy, it will purchase an additional $600 billion in Treasury securities by the end of the second quarter of 2011. The expectation is to purchase about $75 billion per month to reach its goal.

The good news is this will help Real Estate sales, since the Dollar will remain weak and foreign buyers will continue to see US Real Estate as a great opportunity. There will be a lot more Luxury home buyers from Europe, Asia as well as North America, i.e.: Canada.  In addition the added demand for Treasury securities generally will benefit other bonds as well, including mortgage-backed securities; hence this will help lower mortgage rates over the next few months. Helping first time buyers to move off the proverbial fence.

If you are interested in getting an Estimate of Value of your home or you are wondering if this is a good time to buy, please contact me directly.

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.  

Comments (4)

Nor Yeretsian
Envoy Capitol Realty Inc. - Toronto, ON
Envoy Capitol Realty Inc., Brokerage Toronto

Endre, Thanks for the Market Observation...

regards

Nor Yeretsian

Nov 08, 2010 10:39 AM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Goot post on the market conditions, Endre.  If the foreign investors are seeing this market so favorably, maybe they know something we dont? 

Nov 08, 2010 01:19 PM
Ken Barker Realtor® GRI, E-Pro Certified
Dilbeck Real Estate - Burbank, CA

Endre - With your expertise and observation don't ever not submit your comment. It was with great thought you wrote this. And did not ramble like many would. Or is that rant?

Nov 08, 2010 03:19 PM
Kate Bourland
Marketing with Kate - Redding, CA
Onlilne Marketing Mobile Marketing

Endre, I enjoy reading your observations.  Won't this be a precursor to increased rates?  I know the answer to this but have to clear the fog.  Just asking?

Nov 11, 2010 06:18 PM