Friday, July 2, 2010

Updates you should be aware of - real estate market is ready to become Humpty Dumpty

Below are numerous links to main stream media articles all supporting what we have been sharing for years . . .


http://finance.yahoo.com/news/May-pending-home-sales-tumble-apf-2024500274.html?x=0&sec=topStories&pos=main&asset=&ccode=
AP – home sales drop in May to lowest level on record - DID YOU SEE THAT, HOME SALES DROP TO LOWEST LEVEL ON RECORD!!!



http://finance.yahoo.com/news/Home-refinancing-up-but-rb-1215423766.html?x=0&sec=topStories&pos=4&asset=&ccode=
Reuters home buying demand at 13 year low - DO YOU NEED MORE THAN ONE REPUTABLE SOURCE?

http://money.cnn.com/2010/06/30/real_estate/discounts_on_foreclosures/index.htm?source=cnn_bin&hpt=Sbin
CNN Money foreclosed homes selling at 30% discount - THERE ARE OPPORTUNITIES DO YOU KNOW HOW TO FIND AND TAKE ADVANTAGE OF THEM?

http://finance.yahoo.com/news/New-home-sales-plunge-33-pct-apf-1718773153.html?x=0&sec=topStories&pos=main&asset=&ccode=
AP – new home sales now at lowest level since 1963!!! - OH YEAH, IT'S NOT JUST RESALES

http://finance.yahoo.com/news/Mortgage-rates-sink-to-lowest-apf-2118457054.html?x=0&sec=topStories&pos=main&asset=&ccode=
AP – lowest rates since before 1971 and still VERY low demand - DESPITE WHAT IS NOW LOWEST RATES IN 50+ YEARS (4.58% LAST WEEK) WE STILL HAVE RECORD LOW DEMAND - OUCH!


Interesting Fact:
There is a $600 trillion derivatives market which equates to over $1.7million for each of 350million Americans – wow!