Real Estate Marketing - Down Payment Assistance, $8000 First Time Home Buyer Tax Credit - Part 5

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How is Real Estate Marketing - Down Payment Assistance, 00 First Time Home Buyer Tax Credit - Part 5

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Today Mortgage Rates . RealEstateMarketingThisWeek.com - Real Estate Marketing - First Time Home Buyer's Beware, Home sales double in last year - With Michael J Barnes and Dan Havey of Real Estate Marketing This Week Part 5 - So we are back in studio today with Dan Havey. Dan and I have known each other for many years and we have worked very close over the years in real estate. Dan and I are not necessarily 100% in agreement with where the market is today and whether we are at the bottom or not. I tend to believe that we are. Let me tell you my thinking on this. Dan uses actual facts and figures to make his prognostications. Heres what I know, I know that Fannie Mae and Freddie Mac have put a moratorium on foreclosures. What that means is that they are slowing the supply of repos. What that means is that they are putting fewer homes on the market, which means the supply has been reduced to a 9 month supply of resale homes on the market. The builders are gearing up, getting ready to start building again, but they are not building again just yet. Thats a great indicator. Interest rates couldnt be better. They havent been better than they are now, so not only can you buy a house at the same price you would have paid for that house in 2002, but you are going to get a significantly lower interest rate then it would have been then. Effectively a house today is going to cost you less than it would in 2002, with the interest rate and the home value being what they were. Now if property values do ...

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