Are Interest Rates going to Stay this Low?

Hello and Thank you for stopping by my blog today.

Yesterday, I gave my personal opinion that sales will rise in the second half of 2008 for Raleigh real estate and Cary real estate homes. I based this on my 24 years of experience in Triangle real estate and on the signs I'm now seeing in our market. I sent out some inquiries to people I know in the lending industry and here is what one of my trusted sources had to say:

Their most recent statements leaned towards sitting on the sidelines for a while. They were cutting to stimulate the economy while also trying to stabilize the credit markets. While they feel that the credit markets are stabilizing, inflation has popped back on their "concern" radar. Continued inflationary pressures could actually lead to them raising rates again. I don't believe we will see this in the near term but if I were in Vegas, I'd bet their next move will be a rate raise, not a drop.

This opinion was given to me by Tom Deadmore of Starkey Mortgage. We seem to be on the "same page". Hopefully you will use these insiders tips to better your financial position with regard to your real estate holdings.

Please drop by again very soon. Until then - BUY REAL ESTATE - prices are not likely to go lower! All the best to you & yours. God Bless. mh

We are at the Bottom

Hello – it’s been a long time between posts – so thank you for stopping by today. This morning on my weekly update for WPTF and WQDR, I gave my “prediction” for the second half of 2008 for real estate sales in Raleigh and Cary real estate.

I see some very encouraging signs. First the Fed is sending out rumors there will be NO further interest rates cuts. If this is true – more homes will sell in our local market. For years I’ve noticed that when interest rates go down – home buyers “wait” for the bottom. However, when interest rates go up – they are “ready” to buy. I believe we are at the very bottom of this market & cycle and that the “back nine” or the second half of 2008 will be our stronger game.

There are many more encouraging signs emerging that will affect our local Triangle market. I’ve got time to tell you about one more today. The VeroFORECAST is a highly respected and accurate model for predicting the ebb and flow of residential real estate markets throughout the US. Vero has been releasing results in both up and down markets for over five years. Vero projects that the Raleigh and Cary, North Carolina market will rank as the #2 area for home appreciation in the US. In this ranking, we are second only to Wichita, Kansas (are you sure?). See the attached ranking for all markets.

And on this issue of local Raleigh real estate appreciation, our team has studied local statistics and prepared a home buyers guide overview that will help any home buyer, home seller or investor make a more educated decision when buying or selling in the Raleigh or Cary real estate markets. Please e-mail us today to reserve a time to drop by our office and receive this guide. Our presentation includes a short video and a written real estate guide that will increase your knowledge of local real estate by leaps and bounds! Spend a half hour with us and you could save thousands when buying or selling your home!

Call or email us today.

As always, thank you for stopping by today. Have a Happy Father’s Day and stay cool in this heat.

God Bless. Mh

Link to article: Veros Forecasts Ten of the Nation's Strongest and Weakest Markets