jay fredrickson

Housing Is Bottoming, Along with the Economy

Lets hope you're right about this issue. Housing prices need to stabilize for 6 months before the bottom can be called, right?

1% Drop in Mortgage Rates = $118B Annual Savings

Your article fails to point out the cost of refinancing, like attorneys fees, appraisals, title fees, search fees, taxes, and all the other nickel and dime fees that add up to thousands at the settlement table. The true benefit is much, much less in my opinion.
Jay Fredrickson

June Case-Shiller Housing Numbers

Phoenix, Miami and Tampa are clearly bubble markets with 3s thing in common. Sun, warmth and future growth. Smart money to be made there right now on foreclosures and hold until the excess is blown off. As soon as people in Boston and Chicago retire and sell their homes there, they'll move to these areas. This trend will continue until global warming melts the icebergs in Alaska.

Jay Fredrickson
1-75.mobi