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January 2008 
There are 2 blog entries for January 2008.
Historic Fed Move Cuts Both Ways for Borrowers
Thursday, January 31st, 2008 at 6:44pm. 66 Views, 0 Comments.
Hot on the heels of the Fed’s inter-session rate cut of 75 basis points last week, they cut the rates again today, as they perceive we are most likely on the brink of a recession as they look to stem the tide in the face of a weak economy.
The real beneficiaries from these cuts are mortgage holders whose loans are directly tied to the Prime Rate, as they will see a benefit immediately. HELOCs (Home Equity Lines of Credit), as well of variable rate charge cards will see an interest rate reduction with their next statements.
The interesting thing is that even though long-term rates are at the lowest point in years (2005), it is extremely possible that these rates could actually rise if you look at historical performance and recent trends. The key is that…
BOY...SEASON HAS HIT BECAUSE THEY ARE BACK!
Thursday, January 10th, 2008 at 2:09pm. 77 Views, 0 Comments.
The tourists, as well as the ‘snow birds’ are back as we head into full-blown season in Southwest Florida. How do I know, well for one my buddy who owns a body shop is busier than he has been in months and second, my open houses have suddenly become very busy, which is a good sign.
Buyers are certainly back looking as they perceive that there are bargains to be had in the greater Naples Real Estate Market, and yet the question becomes are they actually buying? Certainly in some instances they are, but I’m hearing the same story from a lot of fellow realtors that people are continuing to try and time the market.
I have been telling clients and prospects for months that trying to time the real estate market is no different than trying to time the stock…
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