What Will it Take to Fix Mess?
The Mirasol model at 3825 East Patrick Lane was purchased by someone at the trustee sale on August 5th for $378,500.
A friend pointed out that the Federal Reserve Board made a committment to keep interest levels where they are for the next couple of years. My last blog post indicated I thought interest rates are the wildcard in the real estate card game. Check out this article: "Fed's low rates are no fix for economy or retirees."
The Fed can do anything they want but if the economy continues to deteriorate money will be more expensive no matter what the "targeted" number is. Sadly, I have zero faith in the ability of government to manage this economic situation. And this line really sums it up: "But tantalizing mortgage rates aren't luring many buyers into a broken housing market. Even as refinancings are soaring, home purchase applications have barely budged."
What will it take to make consumers participate in what is arguably the best time to buy a home in the last 40 years?
Tags:aviano,desert ridge,phoenix,real estate,villages at aviano,fireside,Arizona,short sale,foreclosure,fireside at desert ridge,Toll Brothers,pulte del web,bella monte. Information and pictures supplied by MLS and deemed reliable but not guaranteed. Proud to wake up, live and work in the great State of Arizona. Contact me at 480.330.0735 or doug0735@gmail.com
A friend pointed out that the Federal Reserve Board made a committment to keep interest levels where they are for the next couple of years. My last blog post indicated I thought interest rates are the wildcard in the real estate card game. Check out this article: "Fed's low rates are no fix for economy or retirees."
The Fed can do anything they want but if the economy continues to deteriorate money will be more expensive no matter what the "targeted" number is. Sadly, I have zero faith in the ability of government to manage this economic situation. And this line really sums it up: "But tantalizing mortgage rates aren't luring many buyers into a broken housing market. Even as refinancings are soaring, home purchase applications have barely budged."
What will it take to make consumers participate in what is arguably the best time to buy a home in the last 40 years?
Tags:aviano,desert ridge,phoenix,real estate,villages at aviano,fireside,Arizona,short sale,foreclosure,fireside at desert ridge,Toll Brothers,pulte del web,bella monte. Information and pictures supplied by MLS and deemed reliable but not guaranteed. Proud to wake up, live and work in the great State of Arizona. Contact me at 480.330.0735 or doug0735@gmail.com
