best time to buy: Market Time Report: The Holiday Market is Here, Time to Buy
- 11/08/07 05:46 AM
Our company's latest Market Time Report came out last weekend. What this report measures is the relationship between active inventory and demand. In other words - how many months would it take to sell off all the homes currently on the market at the rate homes are selling right now? This report confirms something that I've been thinking (and blogging about) lately - the time to buy is NOW. You have a magic combination of still having a huge inventory of homes to choose from, low (but slowly increasing) competition from other buyers, sellers who'd rather not languish on the market through … (1 comments)
best time to buy: Halloween is over... but it's a great time to "scare up" a good deal on a home!
- 11/05/07 11:55 AM
I've been tracking the behavior of interest rates on home loans, especially since the Fed finally started knocking the Fed Funds rate and discount rates a bit. A look at today's rates reveals these numbers: Today's National Averages Mortgages APR 30-yr. fixed 6.22% 15-yr. fixed 5.93% 1-yr. adj. 6.80% Other Rates Rate New Car 7.19% Home Equity 7.65% 6-month CD 3.56% Is is lower than it was in past weeks? Umm... yes. Is it significantly lower? Not much. And the Fed is making noises about not lowering rates further this year. It seems like the time for waiting is over. Halloween is behind us, … (1 comments)
best time to buy: Is now the time to buy? It might be...
- 11/02/07 04:47 AM
Today I found an interesting article on the MSN Money page, suggesting that the market may pick up next year. The article, being written for stock investors, focuses mostly on whether or not it is a good time to pick up some housing-related securities, but he makes some good general points about the market. I'm not sure if I agree with him about things picking back up in January, necessarily, but I do think that next year will see at least a stabilization of prices, and hopefully by mid-year, a slow rise in market activity. To the average consumer this will feel … (2 comments)
Our company's latest Market Time Report came out last weekend. What this report measures is the relationship between active inventory and demand. In other words - how many months would it take to sell off all the homes currently on the market at the rate homes are selling right now?;)
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