Archive for June, 2009
Bargains Hard to Find in Attractive Areas
Tuesday, June 2nd, 2009Potential buyers in areas that were hard hit by the housing downturn have read about bargains, but only find it disappointing when they go shopping. “Every open house I’ve been to has been a zoo,” says first-time home buyer Sam Rivero, who has looked at 35 properties during the last three months. “If you follow [...]
Fight Inflation – Buy a Home
Tuesday, June 2nd, 2009Some economic analysts say that the possibility that the economy will go into overdrive and inflation will skyrocket is a much more frightening possibility than the current recession. One inflation hedge nearly all of them point to is real estate. Owning it outright is the best scenario, but if that’s not possible, a low-rate, 30-year [...]
Market Snapshot by NAR Chief Economist Lawrence Yun
Tuesday, June 2nd, 2009Lawrence Yun, NAR chief economist, said first-time buyers continue to influence the market but there also is a seasonal rise of repeat buyers. “Most of the sales are taking place in lower price ranges and activity is beginning to pick up in the midprice ranges, but high-end home sales remain sluggish,” he said. “The Federal [...]