We may be on the verge of and economic Pearl Harbor but there are some silver linings out there. Home prices are falling for the first time since The Great Depression. There is a decline in units and pricing for the first time ever. History never repeats itself it just mirrors the past. Housing is a great investment and Edina has out performed the market. Check out the article in the 1/24/09 edition of the Startribune:
http://www.startribune.com/homes/38151509.html?elr=KArksUUUU
Wednesday, January 28, 2009
Thursday, January 8, 2009
The temperature is dropping and so are the Interest Rates!
Interest rates are at historic lows. Pricing is down. Do we have a perfect storm for a great real estate market in 2009? Time will tell but in the mean time....It's a great time to buy or sell real estate. Warren Buffet once said "When the tide goes out, you will know who has been swimming naked." Don' t get caught and look back at this time and say " Darn I should of done it back then!" It will not stay this way forever. Here is a sampling of today's interest rates:
Edina Realty Mortgage
Conventional 30 Year Fixed 4.625% (4.771% APR)
FHA 30 Year Fixed 5.000% (5.150% APR)
VA 30 Year Zero Down 5.000% (5.201% APR)
15 Year Fixed 4.375% (4.628% APR)
Rates as of 1/8/09 11:12:00 AM
Interest rates are at historic lows. Pricing is down. Do we have a perfect storm for a great real estate market in 2009? Time will tell but in the mean time....It's a great time to buy or sell real estate. Warren Buffet once said "When the tide goes out, you will know who has been swimming naked." Don' t get caught and look back at this time and say " Darn I should of done it back then!" It will not stay this way forever. Here is a sampling of today's interest rates:
Edina Realty Mortgage
Conventional 30 Year Fixed 4.625% (4.771% APR)
FHA 30 Year Fixed 5.000% (5.150% APR)
VA 30 Year Zero Down 5.000% (5.201% APR)
15 Year Fixed 4.375% (4.628% APR)
Rates as of 1/8/09 11:12:00 AM
Subscribe to:
Posts (Atom)
