Posts from April 7th, 2011
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7
Real Estate and Financing Are PERSONAL
Every day we are bombarded with statistics and data. Housing starts are up, housing starts are down; more job losses, unemployment is improving; foreclosures, short sales, housing inventory, interest rate movements and much more. It's enough to make your head spin. There's an old saying that claims: "All real estate is local". It infers that national numbers are good reference points, but that individual communities (or even pockets within communities) can have strikingly different realities. When prices are falling nationally, there are some places where prices are holding steady or rising as an example. I believe that even that old saying is too broad. Buying a home or structuring the financing of a home isn't a local phenomenon….it is a personal one. It's the same as the econom...
