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Wednesday, 13 June 2012 14:58

Who moved my Cheese?

All of us remember when the Spencer Johnson's book skyrocketed, Who Moved My Cheese, right?

In Who Moved My Cheese, Dr. Spencer Johnson realizes the need for finding the language and tools to deal with change--an issue that makes all of us nervous and uncomfortable, as most people are fearful of change. He describes how to have the right attitude towards change.

So now, I want to ask...Who moved the houses? I have client's that are so anxious and eager and ready to buy...but, someone moved all the houses?

Talk about causing a sad state of anxiety. Not just for the buyers, but for their REALTORS and Lenders, too. I can talk positive attitude all day long, but that is not manifesting into more Inventory in the housing market for me!

We all know there are many vacant/abandoned homes that are just not being prepped and put back on the market by the big banks that are holding them. Why? No one seems to know.

The sad thing is, with these great low rates and so many people wanting to be homeowners once again, potential Homeowners can't find a single home as most homes put on the market are scooped up immediately by cash investors who in turn intend to immediately put Renters/Tenants into them.

Neighborhoods that were once Owner Occupied developments, are now being filled with Tenants, that may end up with far less pride of ownership down the road. Parents who would like to buy, and get their children into certain school districts are turned away. Our communities that could be rebuilt are not able to.

So, I want to know, Who Moved My Cheese....and REALLY...WHO MOVED the HOUSES?

Published in News & Updates
Wednesday, 22 February 2012 14:31

Peeking into the Economic Future

People need a place to live, right? And second, if you own a lot of places, why sell them one at a time when you could sell hundreds at a time? Freddie Mac has begun talks with institutional mortgage-bond investors interested in buying hundreds of distressed single-family residential properties across the US in order to convert them to rental units.

Also, last week, President Obama released his budget for fiscal year 2013. As part of the overall budget, HUD stated that it will be implementing a 10 basis point increase to annual premiums for single family loans, and a further 25bp increase for loans over $625,500. So even though the FHFA has already implemented this for Freddie & Fannie, it is only a matter of time until the change hits government production

Its official: the economy is improving! Uh, at least some of it, and in some places. Statistics are always to be questioned, but things are looking up in the housing and jobs sectors in particular, and inflation at whole sale is on trend lower than earlier this year thanks to commodity issues smoothing over. Be warned, though, that the process is just beginning. Jobless and continuing claims both fell to their lowest levels since 2008. But on the other hand oil and gas prices are going up, would that make it officially not improving?
Published in News & Updates
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