Good Afternoon Blogger ,
This is such great weather…. If you’re a duck.. Hopefully, you and your family are staying dry because we need the rain.
First off, let me apologize for not getting this newsletter out last week. The Real Estate Conference that I attended for 5 days just got in the way. The information is overwhelming. I am still digesting all of it.
What were some of the main points that I took away from the conference you ask..
· Interest Rate will probably not go below 5 percent. So if your holding out hope for lower interest rates it may be time to re-consider. 5-5.5% interest rates should be here for the next 6 months or so. I am not foolish enough to predict any farther out.
· The number of foreclosures have been decreasing lately. This is an artificial lag due to the banks wanting to look bad in the goverments eyes with hopes for more bailout monies.
· Foreclosures will be with us for the next year to two years. This timeline depends on how fast the banks release their inventory. If they flood the market with houses, the foreclosure home prices fall with excess supply. Conversly if they hold on to them, they are loosing monies on a depreciating assest.
The next 180 days is going to be interesting. I truly believe that home purchusers over the next 8 months will look back and smile about a well timed purchase. We will see.
Don’t forget to check out all of Chico’s , Oroville’s, and Paradise’s listings on my website at www.matthewherman.com . It is updated twice a day. Referrals are the biggest compliment. If you know of someone that is selling or buying, I am never too busy to help them out.
Respectfully,
Matt
P.S. Foreclosures and short sales are some of the best values out there. If you would like to see all of them, visit my website.
-=-=-=-=-=-=-=-=-=-
Matthew Herman
Keller Williams Realty
530-809-3754 (Office)
530-809-3755 (Fax)
Other Helpful Resources
Foreclosure Homes in Chico -- Foreclosure information in Chico
Orovillle Real Estate -- All of Oroville's Real Estate Listings
Orland Real Estate -- All of Oroville's Real Estate Listings
Paradise Real Estate -- All of Oroville's Real Estate Listings
Chico Ca Homes For Sale -- All of Chico's Real Estate Listings
www.chiconeighborhoods.com -- Helpful information about Chico’s neighborhoods
chicohomes.blogspot.com -- Chico's Real Estate Blog
Chico Real Estate -- All of Chico’s Real Estate
No comments:
Post a Comment