Fed Holds Rate Steady as Inflation Worries Rise Wall Street Journal (06/26/08) P. A1; Reddy, Sudeep The Federal Reserve on June 25 ended its aggressive campaign of interest rate cuts, holding its target for the federal-funds rate-charged on overnight loans between banks-at 2 percent. The decision to stand pat contrasts with recent actions by numerous central banks overseas that have begun Continue Reading
First Time Buyers’ Dos And Don’ts
If you are a first time home buyer, you have a lot to learn. Working from a blank slate you must build an understanding of the housing market, determine what you can afford, land a loan and hone in on a home that's a good fit for your lifestyle. The transaction will likely become your largest asset ever so there's little room for error. It is a daunting task, but you can ease your Continue Reading
Forecast for the Week
After last week's relatively slow economic news calendar, things will heat up this week with several events that have the potential to move the market. On Wednesday, the Fed will announce their interest rate decision...and then the very next day, the Fed's most favored gauge of inflation will be released, the Personal Consumption Expenditure Index (PCE). It will be interesting to play armchair Continue Reading
Margaritaville and Real Estate
Selling my home now To me its a sacred cow Want so much no one's looking at mine It's a real beauty A Tuscany cutey Can't figure out why it's still hasn't sold It's wasting away again in inventory-ville Waiting for that buyer to come by my home Some people claim that the lenders are to blame But I know....it could be REALTORS fault.... Recently nationally known real estate trainer, Continue Reading
Disclose or Not?
The AZ Republic today reports a story about a buyer who is suing the seller of a home in Arcadia and the seller's real estate agent for failure to disclose that a neighbor was a nuisance. Apparently the neighbor was known for tirades against the seller and other neighbors, shouting profanities and infringing on neighbor's properties. The seller did not disclose this in the Seller's Property Continue Reading
20 Money Saving Tips
Your 5-minute guide to budgeting'Budget' is not a four-letter word, but many people avoid it like one. These 20 tips can help you face up to your finances and achieve your monetary goals.By MSN Money staffBudgeting isn't a punishment for not being born wealthy.It's an avenue to know where your money goes and help you reach your financial goals, whether it's a new home, a comfortable retirement or Continue Reading
Internet Real Estate Leaves Money On the Table
Friday's USA Today carried a story about how the internet is changing home selling methods. The seller, one Jim Blair in Redmond, WA, seemed so excited to have sold his home on Zillow. He originally placed the home on the site for a "Make Me Move" price of $699,000. Probably tired of no activity, offers or serious buyers, he later decided to list with an agent at $659,000, when he received an Continue Reading
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