Thunder Strikes the Real Estate and Mortgage Markets
Thunder Strikes the Real Estate and Mortgage Markets
Wow can you believe the way that all the news has been going this year about the real estate and mortgage industries being bad.
Now this has a lot of investors, first home buyers, sellers, the consumers and everybdy else having mixed views on their futures. There has been crossroads of professionals, analysts, researchers, business investors, seeking answers and throwing all these numbers and advice and all these theories around, about the real estate market, mortgage industry, the fed is talking about one thing, all the feedback going around most do not know what to believe.
Now this is mostly coming from sources that a lot of people tend to read such as, the New York Times, Wall Street Journal, LA Times, Chronicle, of course this is all offline, that I have read lately. Of course if we looked online you would see many and I do many more people talking about it, everywhere. Blogs, Real Estate Associations, cross the board everyone is pretty confused, but it seems that not only is the real estate market taking a hit but also the stock market as well, even though usually it’s one or the other.
Recently in the New York Times there was an article talking about Citibank was putting aside $100 Billion Dollars to help deal with this problem, of course this was only one bank since Citibank is one of the top US Banks. Now this is here in the USA and this is not only effecting us here in the United States but also internationally, we have watched the World Bank also make preparations and trying to come up with solutions to there problems over in Europe.
You know I have been following this over the last passed few months and have watched some realtors and brokers, investors, analysts, all saying different things, some of it is good news and then others it’s bad news. Even with all of this bad news it seems like a lot of people are worried that if we are going to have a recession or if we are just battling through some brief storms that are mixing things up for us, but everyone is currently sitting around worrying if it’s going to be change in what’s beeing talked about and if solutions are being prepared.
We will all have to watch and see what happens, all in all, we are watching the Thunder hit all markets currently. Some investors recently on a conference call last week, said that even though all the news around in various places seems to be all bad news, in other places it’s not effecting them whatsoever and here in the Bay Area some places have been hit a little and others not that much.
We will keep you posted and have a few more articles coming your way here soon, even with all of this confusion taking place currently, we have seen time and time again that real estate has been the best investment to invest in over long haul.
Keep looking for your dream home, also right now more then ever you will be able to find some awesome deals from sellers, looking to get rid of there homes. I have spoke to some realtors and brokers this past couple weeks and they have still been saying that some areas are more effected then others and the different priced markets are also seeing slow offers coming in and in the higher priced homes they are seeing more offers and seeing that some homes are sold for much more then the selling prices.
Even though with all of this real estate news, other people are concerned about the local environments such as floods, fires, Tornadoes. This of course is very important when looking for your home as well because you wouldn’t want to pay a $1,000,000 for a house, that tomorrow would burn down or have a earthquake hit. Please consider all options when looking for that home of your dreams or just a starter home.
Let’s hope that all this confusion is cleared up in the coming weeks, months ahead. I look forward to better and cooler news about the economy as well.
By Julio Mattos
Getting Up and Taking Daily Action