The approximate value of U.S. gross domestic product versus U.S. stock values has dropped from a 2 to 1 ratio in 2000 to a 1 to .6 ratio today, which is a bit below the long-term historical average 1 to .8 ratio, which would indicate that stock values may recover a bit before stabilizing.

September 2008 home sales were at a seasonally adjusted annual rate of 464,000, which is 33.1 percent or ~9% below the September 2007 estimate of 694,000, which points to the potential for getting into a home for a lot less than one could in the last few years.

Hidden GemsIn Beverly Hills, the three-month supply of luxury homes seen through the last three years has risen to over a 12-month supply: Luxury home prices are declining around the US...and to the point at which they are beginning to look like good buys...

Congress recently passed a $7,500 tax credit for new-home purchases, which means new-home buyers will be eligible to receive $7500 cash back from Uncle Sam.

National Association of Realtors chief economist, Lawrence Yun, figures each 1% decline in interest rates
may very well increase home sales from 500,000 to 800,000 in 2009; hopefully, rates will drop...again...

giving you the advantage...®

Belgrade Montana Homes - Belgrade MT Homes

 

4 Comments on Hidden Gems

NOV
24
2008

So far the interest rate seems to be holding steady. I hope the dust will settle about the economy and people will take time to assess their personal situation and not just get into a panic about the news. Then the value of the gems will be apparent.

6:36pm • #1
212,894 Points 39 Featured Posts Outside Blog

Great homework! Now I'll get to work on getting that interest rate down to .5 - deal?

7:11pm • #2
Localism Sponsor Outside Blog

Yeah...if it gets any worse, we're looking for a 30-year fixed, no interest loan...

7:35pm • #3
NOV
26
2008

Hi Taunya - the email systm was having problems so I came to your blog to contact you

Relatives here in Washington (Estate Sellers) are looking for a Real Estate Agent to List a property/building in Rygate Montana- Golden Valley County -

they had a business that wanted to purchase  but now can't so- 
they'd like to have listed on MLS - 
price is < 20,000.00 - if you do/can/would list in this area and price range please let me know. btw - -0- referral fee - thanks

11:31am • #4

This blog does not allow anonymous comments

 
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www.TaunyaFagan.com Bozeman Montana Real Estate: Homes - Land - Ranches

Bozeman, MT

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Prudential Montana Real Estate

Address: 2001 Stadium Drive, Bozeman, MT, 59715

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