suzanne damon: A-CHOO...."God Bless you"
- 09/20/07 03:07 AM
The Federal reserve slashed a key interest rate by 1/2 point today. What does this mean to us here on the streets? If you are a borrower who can obtain credit, you should see rates drop on various kinds of loans. It will be less expensive for people to finance credit card debt, home equity lines of credit and other consumer based loans. Borrowing this kind of money usually pays for things like education, home improvements and medical expenses. For those of you who have ARM loans (adjustable rates mortgages) that are scheduled to re-set in the fall , you will … (2 comments)
suzanne damon: ...He sendth rain on the just and the unjust!
- 08/31/07 02:45 AM
In all of my years of meeting people, listening to their heartaches and joys of home ownership. I have never left an appointment in tears until last Thursday. For years now every listing appointment was celebrating the joy of how much money the homeowner would make by selling the home that they currently owned. Then calculating how much of a new house they could get. Last Thursday, I met a family who bought a home in 2004. The mortgage was paid and the house looked great! Bob and his wife worked everyday in adequate jobs. Jenna the young 7 year … (3 comments)
suzanne damon: What is market absorption?
- 07/21/07 04:06 AM
What is market absorption? It is a mathematical approach to determine the rate at which inventory is "absorbed"(engulfed wholly) into the market. Inventory is the number of homes for sale in the market. A division of homes sold on average over the last 12 months, 6 months and then 3 months will determine the rate at which homes are being sold. This is helpful to the seller who is thinking of selling or currently has a home to sell. If you know statistically how long to expect to market your home for sale, then you won't be as "stressed" about selling it. In … (3 comments)
suzanne damon: Manchester NH Real Estate, state of the market!
- 07/13/07 02:38 AM
I have had a lot of people ask me: "How is the real estate market?". My response always gains a reaction of bewilderment from the person that I am speaking to. The market has two things to say...(it's the market that always does the talking). 1) The average sales price has decreased from 2nd qtr 2006 to 2nd qtr 2007 by only 1%. The market has faced an overall 10% decrease in pricing since 2006. Not bad since we gained in the triple digits from 2002 to 2005! 2) The average days on the market is a bit … (0 comments)
The Federal reserve slashed a key interest rate by 1/2 point today. What does this mean to us here on the streets? ;)
;)
