My New Blog

The National Association of Realtors has just launched a new ad campaign touting why buying a house "is a decision you shouldn't postpone any longer" and reminding buyers that "the value of a home nearly doubles every 10 years." But real-estate agents' forecasts have a history of being ridiculously optimistic. At the other extreme, housing bears like John Talbott say homeowners' current woes have only just begun.

Fixed 30 year loan rates are in the 5%'s again and there are some great property prices out there...for those who qualify. The best loans today are the 30 year fixed and the adjustable "pick a pay" loans.

Hey, hoping you all had a wonderful Thanksgiving, enjoying those who really matter and realizing what is truly important in this life...these days I feel like every day is my birthday and I am grateful just to be here...

meanwhile, however, the real estate market continues to top the news! The prices are low, the rates are low, you would think there would be a rush to purchase and / or refinance property, right??  NOPE...the dynamics fascinate me as the number of people who are walking away from their properties continues to rise. Those foreclosed properties add to the already robust inventories, giving buyers a huge menu of properties to look at and strong influence to negotiate some screaming deals. Feels a little like 1994!