home buyers: Are we there yet? Has the Recession finally found a bottom?
- 08/07/09 04:32 AM
It seems like everyday I hear about new "green shoots" indicating that the economy may have finally reached bottom. And, then there are the talking head experts on the financial news channels that continue to forecast that we may not be there yet, that the recovery will be "W" shaped, or that the unemployment rate will not peak until the first couple of months of 2010. Who is right? Over the past several months new and pending home sales have trended upward - slowly but steadily. Even the Case-Shiller index, monthly indicator of price trends in the 20 largest US markets, … (0 comments)
Charlotte, NC Willmington, NC Atlanta, GA Jacksonvllle, FL Raleigh, NC Chattanooga, TN Greensboro, NC Asheville, NC Grand Junction, CO Tampa, FL Cary, NC Savannah, GA Nashville, TN San Antonio, TX Maryville, TN Charleston, SC Greenville, SC Hunstville, AL Albuquerque, NM Ocala, FL Despite the recession it appears that several cities in North Carolina remain popular relocation areas. Nevertheless, nationwide relocation traffic is about one third what we experienced a couple of years ago. And we have seen a substantial decline in activity on … (3 comments)
home buyers: The Potential of Lost Homebuyers
- 02/26/09 07:18 AM
Consider this. You've faithfully made your mortgage payments on time for 27 years. Your job income or your business profits have been pretty steady and reliable. Your credit scores have been great. In fact, for years your mailbox has been full of pre-approved credit card solicitations and offers from your local car dealers telling you that you can afford the most expensive cars on their lots. And then all of a sudden in September 2008, like a bunch of lined up dominoes, US banks begin to tumble one after the other. The news has been all about billion dollar bailouts. HR … (4 comments)
It seems like everyday I hear about new "green shoots" indicating that the economy may have finally reached bottom. And, then there are the talking head experts on the financial news channels that continue to forecast that we may not be there yet, that the recovery will be "W" shaped, or that the unemployment rate will not peak until the first couple of months of 2010. Who is right?;)
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