consumer advice: "Warning - The object in the mirror may be closer than it appears". - 04/17/08 06:37 AM
Hello fellow Real Estate Professionals and Consumers:
I found the E-newsletter article forwarded by NAR on Tuesday to confirm what I have been saying to my Clients -- home sale prices may not get lower than right now, in fact, they may begin to swing upward again without a formal announcement, and sooner than late 2009 as originally expected.
The time to buy is now, instead of waiting for deeper discounts that may never be realized.  There are two factors at risk by waiting:  1) Home selling prices could begin to swing upwards, and the home that a Consumer could have gotten for $400K might then be asking $450K; and 2) mortgage interest rates are … (2 comments)

consumer advice: Act Now -- Time Is of the Essence! - 02/28/08 02:42 AM
As predicted, increasingly more homeowners and properties are going into or are threatened with foreclosure, and the trend is not expected to let very soon.
The Bible says that "For a lack of vision, the people perish".  Likewise, many homeowners are stressed and stunned into passivity and inaction, and are not taking advantage of the opportunity to have their loan situation reviewed by a credible, non-profit resource to see whether any of the stop-gap measures of the Economic Stimulus package that the president has put into place can assist them in some way.
I have been very vocal about my feelings that the president did too little too late, having … (1 comments)

 

Monique Perello

Brooklyn, NY

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Yes Homes Realty, Ltd.

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