Do you turn on the national news for your local weather report? Of course not! The same should go for the housing market - all real estate is local. Our market in middle Tennessee (with the exception of a couple of pockets) is still healthy. And there has been no better time to buy in the last 30 years than now. Interest rates are hovering between five and five and a half and homes are very affordable.
My posts for December 3, 2008.
- Wear gloves while decorating with spun glass “angel hair” to avoid irritation to eyes and skin.
- Choose tinsel or artificial icicles or plastic or non-leaded metals. Leaded materials are hazardous if ingested by children.
Click for link to a beautiful home in Boulder, Colorado for my “Wordless Wednesday” post.
My posts for December 2, 2008.
While I am heartbroken for those now in trouble, I feel relieved, fortunate, and even off-the-hook that my list of buyers in foreclosure is that short. Why? Because the loss of home is not directly related to the “No Money Down Mortgages” that are at the root of today’s market meltdown.
What I do find incredibly disturbing is the news yesterday and today that the Feds KNEW in advance that the meltdown was likely.
I really like this idea that’s being batted around Washington, but I fear Mr. Spite is right – it won’t work. Here’s the premise, “You get to keep what you earn. That’s right. A two month tax holiday from FICA and income tax for everyone.”
1 response so far ↓
Jodi Atlanta Ga // December 14, 2008 at 5:49 pm |
Very true statement that all markets are local. Most consumers get so influenced by the rumblings of other markets.