With things changing as much as they are today who really knows what tomorrow will bring. The one thing that always stays the same is the net outflow of money!! With milk, eggs, bread, insurance, etc all going up and interest rates on the upswing also, markets like Destin Florida are just going to kindof float along. It seems like everything is just a little bit negative these days. There are deals...and if we can get the payment right..it might just work out.
Take some time to review the strategies online at www.investsmarter.com and take a look at what is really happening in the market. There are a few cool ways to approach deals that are
outside the box. But with rates like the article below says going up...what will happen next?
Rising Mortgage Rates Could Slow Sales Rising mortgage rates could prolong the housing crisis, economists say."It strains affordability, and if mortgage rates were to stay at a high level, home prices would have to fall even further," says Michelle Meyer, an economist at Lehman Bros.Cameron Findlay, chief economist at LendingTree, says that over the next six months rates could rise rapidly. "If we don't have inflation under control by then, and there are still signs of inflation – the dollar's continuing to be eroded, oil prices are still high – rates are going to be rising faster."Scott Lanoff of American Success Mortgage in New York says he expects the average 30-year fixed rate to top out at about 6.75 percent.Source: USA Today, Anna Bahney (06/30/2008)
So for more information on Destin Florida Real Estate look here and also play around online at www.Destin-Florida-MLS.com and see if there is a nice piece of property that catches your eye!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment