My New Blog

The June Housing Starts report which was recently released showed a surprising uptick in new home starts for the month. In addition, the Labor Department's most recent unemployment claims report did not increase as much as expected. The Fed's next move may be to increase short term interest rates, showing that the Fed is more worried about inflation than a slowing economy. Since inflation erodes the value of a bond's future fixed interest payments, this could send mortgage rates higher.

Since housing values are very dependent on local market conditions, blanket statements can't be made, however, many areas are beginning to see some stabilization of values after a long period of decline. Opportunities for some great deals are out there now while prices and interest rates are still low!

Real estate in the United States is an exceptional value compared to home prices in other parts of the world.  The U.S. dollar remains weak against foreign currencies, making it possible for foreign buyers to purchase at bargain prices.  A survey by the National Association of Realtors in 2007 found that Florida lead the nation in foreign home buying transactions, and U.S. real estate remains a great investment opportunity for foreign buyers.

Whether looking for a first home, vacation home, or investment property, buyers need to take advantage of the best buying opportunities while prices and interest rates are still low. Let us know how we may assist you.

Although no one knows which way mortgage rates will shift, economic numbers released by the government seem to indicate that things aren't as bad as the news media might lead us to believe. Last week's unemployment claims number was lower than expected, and key employment ratings like the jobless rate for May will be announced this week.  If these numbers are lower than expected, the bond market will drop, causing a spike in interest rates.

What does this mean for you?  If you are considering buying a home or refinancing, now is the time to do it!  Let us know if we can assist you in finding that dream home.

The term "snowbirds" use to apply only to retirees moving to Florida away from their homes in the snowy north.  Now it includes a much more diverse group, inluding the 30-something New York City investor or the family from the snowbelt looking for a vacation home to escape lake-effect snow, in addition to the baby boomers from the midwest looking forward to an active retirement in an active adult community. 

Many people look to the Sunbelt for a fun escape from life elsewhere!  Now is the time to plan your seasonal vacation to visit a location that may become a second home or permanent residence. Many developers offer getaways to visit their properties so you can experience the lifestyles offered in their communities. If you would like more information about these getaway opportunities, contact us!  We look forward to assisting you!