We are in the BEST of Times
There was some concern that the economy was sliding back towards arecession or a no-growth mode. But that was before the solid retail sales
and employment figures were released. We now know that jobs are being
produced and consumers are spending as usual. But even as these solid
numbers were posted, the markets continued to be confounded by the fact
that long-term interest rates are staying low despite the fact that the
Fed has raised rates eight times over the past year. How can this be so?
For now there is no indication that inflation is a long-term threat. This
conclusion is underscored by the fact that the core rate of inflation at
the consumer level did not rise at all last month, even though oil prices
have risen significantly over the past year.
Before 9-11 we had the best of all worlds. Is it possible that the good
times are back? In the late 1990’s we had solid but unspectacular economic
growth, low interest rates, low inflation rates and solid job growth. Put
these all together and this certainly goes a long way towards explaining
why we laid the foundation for a real estate boom in the past six years.
Just add a few other factors such as strong population growth through
immigration and the rise of new mortgage programs such as interest only
and no-downpayment loans and it is no wonder that real estate has been a
sizzling investment. If the real estate boom is to continue despite high
home prices in many places, we really do need the best of all worlds. The
markets seemed to be reacting in a way that would cause the party to
continue—for now anyway.
posted by William Hobbs @ 11:25 AM
8 Comments:
Hey, you have a great blog here! I'm definitely going to bookmark you!
I have a phoenix real estate site/blog. It pretty much covers phoenix real estate related stuff.
Come and check it out if you get time :-)
phoenix real estate Real Estate*
Hello, just visited your blog, it's geat. I also have a home equity loan rate related blog with some useful articles about the topic. Hope that it is helpful to you.
Nice post. I also have a site talking about credit related issues http://mortgage.27days27gurus.com/ . Take a look if you have time. mortgage online
I just noticed your blog about credit equity home line mortgage second and wanted you to know how well you presented the information. Excellent job! I have a website about credit equity home line mortgage second so I know what I'm talking about when I say your information is top-notch. Keep up the great work - you're providing a real service to the Internet community.
Great blog. I surf the web looking for blogs like
this. Your site was on point and will be back again!
Where you been? You have got to look at my calculator home mortgage refinance blog!
Unusual blog. I liked the site its from so much I
have to visit it again! I surf the web for blogs like
yours in my spare time.
I can't explain, but you need to check my mortgage loan refinance florida blog!
Energizing blog. It blew me away and I loved your
site. when I have the time to surf the net, i try
finding blogs as good as your site.
In my spare time I will look for your in mortgage refinance blog.
Hey I agree 100% agree with the last few comments. This blog has great opinions and this is why I continue to visit, thanks! ##link#
Post a Comment
<< Home