Nobody likes bad news, but it just keep coming it seems. This week billionaire investor Warren Buffet predicted the economy could be worse in 5 months and Atlanta Fed President Dennis Lockhart said home prices in could fall another 10-15%. Ok then - well what goes up comes down, and vice versa. Even now I see solid cash-on-cash investments, and we don't know where the bottom is. Time to prepare for the inevitable turnaround. Have a good long weekend folks! ... Paul
"Interest rates for fixed-rate mortgages continue to drift down as reports of economic weakness persist. ARM rates, on the other hand, rose slightly after the Federal Reserve's Open Market Committee hinted it might increase the overnight bank lending rate" said Frank Nothaft, Freddie Mac vice president and chief economist. Freddy Mac rate surveys
1-3 week trend: Down 21+ days: Flat Market commentary
1-3 week trend: Down 21+ days: Flat Market commentary
Glimmers of good news in US housing reports
While no one is ready to call the bottom of the worst housing collapse in decades, there were glimmers this week that the severity is waning... moreFHA hikes insurance premiums (again)
5 chances to buy hip-hop mansions
If you’re in the market for a house that lives large, check out the homes of hip-hop stars currently for sale... more
The Federal Housing Administration said earlier this week that it would hike its upfront mortgage premiums for all purchase money mortgages and full-credit qualifying refinances. It will add 25 basis points to its mortgage premium, bringing the upfront premium charged to most borrowers to 1.75 percent... more
Hollywood condo billed as paprazzi proof
A condo project in LA is promoting itself as the first paparazzi-proof building, complete with "Israeli-trained VIP" security guards... more
A condo project in LA is promoting itself as the first paparazzi-proof building, complete with "Israeli-trained VIP" security guards... more
5 chances to buy hip-hop mansions
If you’re in the market for a house that lives large, check out the homes of hip-hop stars currently for sale... more
_________________________
The future belongs to those who believe
in the beauty of their dreams
(Eleanor Roosevelt)
The future belongs to those who believe
in the beauty of their dreams
(Eleanor Roosevelt)
Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today ! - Dover, DE
FREE Delaware Homes Search!, $$ Save $$ - Find Homes! Delaware Realtor
Oh gee... well I am still looking forward to the improvement eventually!
Thanks,
Tom Davis
World Class Delaware Realtor
Aug 28, 2008 04:50 PM
Dean's Team - Keller Williams Realty Partners Chicago IL - Chicago, IL
Dean's Team Chicago IL Real Estate Team
Paul -
Thanks for the updates - especially on the Hollywood stuff (yeah, the FHA stuff was important, too!)
Enjoy the Labor Day Weekend!
DEAN & DEAN'S TEAM CHICAGO
Aug 28, 2008 05:10 PM
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!
Hello,
Do you have to post this to everyone...how about member's only.
The last thing buyer's need is to hear more negativity.
JMHO.
Aug 28, 2008 05:22 PM
Gibbs Realty and Auction Company - Columbia, SC
Rates are down so I can tell my clients to hurry...thats not bad news is it? I had 4 locks this week and a few looking hard at it!
Aug 28, 2008 11:19 PM
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