Monday Market Update - November 1, 2010

Real Estate Agent with Coldwell Banker Sea Coast Realty

Wilmington NC Monday Market Update

Happy Monday!

A big week this week with mid term elections tomorrow.  Please take time to vote and let your voice be heard!

One of the biggest news items up for debate is the Fed's expected announcement of another round of Quantitative Easing (QE2) when it releases its statement this week. Remember, QE is the concept of the Fed becoming a heavy buyer of Treasuries and Bonds. This is done to artificially cause those security prices to move higher under the increased demand, which in turn will cause interest rates to move lower in the hopes of stimulating the economy - but it also continues to load the US with debt and may have numerous other negative unintended consequences. Although this move by the Fed is likely, it's been under some criticism - and after hearing some colorful commentary about QE2 last week from Fed Chair Ben Bernanke, the skepticism heightened.  Look for this news to come out on Wednesday followed by the jobs report on Friday.  These 2 reports due out this week in addition to the election tomorrow are all important issues to keep an eye on this week.

Interest rates remain incredibly low and it continues to be  a great time for buyers.  We're starting to see investors get back into the market which is great news!  Prices are low enough to make properties cash flow from a rental stand point and with interest rates so low, it's a no brainer.  If you need some guidance on investment purchases, just give us a call.

The Cameron Team has a new facebook page, to become a fan, just search "Cameron Team" or click here

Have a great week and we look forward to helping you with all your real estate needs.

Have a great week!

The Cameron Team

Melanie Cameron, Broker 910.233.2840

Susan Harkins, Buyer Specialist, 910.431.2362

Alexa Winstead, Marketing/Closing Coordinator 910.202.2547

Diligently working to exceed real estate expectations in Wilmington, NC and surrounding areas including Ogden, Porters Neck, Wrightsville Beach, Carolina Beach, Castle Hayne, Leland, Burgaw, Rocky Point, and Hampstead.
P.S. If you would like to receive this update on Monday via e-mail, you can sign-up for our weekly newsletter by sending us a quick contact.

Comments (0)