The approximate value of U.S. gross domestic product versus U.S. stock values has dropped from a 2 to 1 ratio in 2000 to a 1 to .6 ratio today, which is a bit below the long-term historical average 1 to .8 ratio, which would indicate that stock values may recover a bit before stabilizing.
September 2008 home sales were at a seasonally adjusted annual rate of 464,000, which is 33.1 percent or ~9% below the September 2007 estimate of 694,000, which points to the potential for getting into a home for a lot less than one could in the last few years.
In Beverly Hills, the three-month supply of luxury homes seen through the last three years has risen to over a 12-month supply: Luxury home prices are declining around the US...and to the point at which they are beginning to look like good buys...
Congress recently passed a $7,500 tax credit for new-home purchases, which means new-home buyers will be eligible to receive $7500 cash back from Uncle Sam.
National Association of Realtors chief economist, Lawrence Yun, figures each 1% decline in interest rates
may very well increase home sales from 500,000 to 800,000 in 2009; hopefully, rates will drop...again...
giving you the advantage...®
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