You're thinking of buying a home in 2014 and there are economic changes coming. How will this affect you? Ben Bernanke has finished his 8 year run as the Chair of the Federal Reserve. Janet Yellen is taking over as chair and has previously served as the Vice Chair. They have the same fundamental economic background but the Federal Reserve has big decisions ahead of them. The Federal Reserve has been buying bonds to keep interest rates low. Two months ago the Fed decided to start tapering … (0 comments)
We're ending the first week of October and as I've predicted interest rates have dropped and the buyers are out in force. In the last 72 hours we've had agents requesting to show our listings and buyers wanting to know about our listings. September was quieter than usual and inventory seemed to have built up overnight. Fear among agents after the busy spring and summer seemed to spread through the marketplace and many wondered if the bubble was bursting again. We're slowly returning back to a "normal" real estate … (0 comments)
interest rates: What to expect in the fourth quarter of 2013 - Best time to buy? NOW
- 10/03/13 07:02 AM
The Southern California housing recovery continues to make gains. New home sales have surged 38% since last year, hitting a five-year high in June, according to the newest figures from the Commerce Department. The first half of the year we saw low inventory, buyers and REO agents were expecting phantom inventory to be released. We all know now the inventory was sold out the back door to institutional investors. Buyers panicked with low inventory and we saw a double digit increase in values. Tight inventory and low interest rates made overbidding a reality. As the crisp fall air is upon us, the inventory … (0 comments)
New Federal Reserve Chair Janet Yellen - Yellen takes over the Fed
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