I just posted a new article on my website about recent financial reports and the possibility that we may be approaching the bottom of the Real Estate Market. Now, I am no Guru, but I read the stuff that is coming out and there is a possibility that things are turning around and if they are, it is time for those sitting on the sidelines to get in the game. If they aren't????
Author: fchamberlin // Category: Bank Owned properties, Eugene Homes for Sale, Eugene Oregon, Florence Orgon, Interest Rates, Local Information, Mortgage Loans, Real Estate Loans, Springfield, lane county, refinance
The latest news from the housing market continues to be mixed but with some definite upbeat news. Yesterday, the government announced that existing home sales were higher than expected and higher than the month previously. Today the consumer confidence came in lower than was expected and lower than the month before. It is the consumer confidence that shows that people are willing to start making purchases, not just homes, but appliances, cars and other than staple items. The Fed continues to purchase mortgage backed securities and mortgage rates are dropping below 5% again for a 30 year fixed.....read the rest of this here.
I honestly thing things are changing. I am talking to people around the country that are getting more purchase business than they had before. I am talking to Realtors that are getting calls on listings and are showing homes. I realize that this is just a microcosm, but I have to read what I can see. Ok, maybe I am a cheerleader in this business, but if so, so be it!