Anna-Marie's Blog

My definition of success: Being a Great Mother, A Great Wife, and a Great Real Estate Agent

Thoughts About the Upcoming Year….

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I believe that the new congress will be more business friendly and finally start putting the housing downturn in our rear view window.  It would also appear that the President has heard the message sent in November and is willing to work with this new group.  From where I stand, what makes America great is our ability to change if something isn’t working.  Most societies do not have this flexibility and are resistant to change; therefore, can’t move forward.

Interest rates will continue to be volatile because we just don’t have answers about where this economy is headed. Just in the last month we’ve seen the rate on a 30-year mortgage rate go from 4 percent to 4.875 percent and that was after the Federal Reserve said they would buy $600 billion in Treasury securities with the stated goal of stabilizing rates!

Assuming that rates stay in some kind of moderate range —like between 4.25 percent and 5.25 percent— the affordability index will continue to be better than it has in decades. However, underwriting standards will continue to be tight. Lenders are paranoid about having to buy loans back and will be very picky about details, which will drive borrowers crazy.

There is talk about eliminating the tax deduction for mortgage interest. It may well happen, but when it does, it will not be an isolated change. It will be done as part of a more comprehensive overhaul of the tax code, so it should not deter buyers from buying a home.

On the local level, unemployment is at 9-9.5% as of November 2010. We had a total of 670 homes sold and currently 784 on the market. The average sales price is $ 109,132.00.

Author: Anna-Marie

As a real estate professional, my job is to consult and guide my clients through the rigors of the real estate buying and selling process. In a market in constant flux, my role is to help my clients take advantage of ever-changing opportunities while avoiding any potential pitfalls they may encounter. In pursuit of my clients' goals, it is important to me to make the distinction that I'm not a salesperson trying to convince people to buy or sell a house or a piece of land. I am a person who enjoys helping people, which is why I love what I do. It is also why I take seriously my role as a professional consultant who guides clients through an often convoluted process to help them find the perfect fit for their needs. If you are interested in speaking with someone about real estate who approaches this business very seriously, and who focuses squarely on you, contact me. I offer a free, first time consultation to anyone looking for answers to questions about real estate. Let us begin there. Buying or selling real estate is an enormous investment — often the biggest you'll ever make. You require, and deserve, the best. I am here to provide the best real estate consulting services available.

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