Guess what? New construction real estate home permits down – You must be surprised at this?
I Have the Real Estate Crystal Ball
Every day we seem to hear some sort of news on the real estate market. One day it is great news about resales being up, new construction permits, foreclosures, etc., the next day doom and gloom.
Some important thoughts:
1. People are saving money right now and hunkering down. Responsible is the “in thing” again.
2. Most markets are experiencing an up tick in real estate home prices – quite the opposite.
3. Lenders are making life tough for responsible people who pay their bills to refi – even though it is out tax payer money for the most part and it would put most home owners in a better financial position to pay bills. Imagine if part of the stimulus money had been earmarked for responsible people to lower their current mortgage rate? Talk about an infusion of money into the economy. [click to continue…]
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