D3TV – Reluctant Negotiating
DeanDretske.com – wanted to share a negotiating tip with you. Negotiating as the more relunctant party is a powerful strategy to getting what you want.
DeanDretske.com – wanted to share a negotiating tip with you. Negotiating as the more relunctant party is a powerful strategy to getting what you want.
The Housing Mortgage Market Review came out this month – you can see the original at http://www.pmi-us.com/PDF/may_10_pmi_hammr.html
Home sales rose in March. The main reasons given are the homebuyer tax credit, rebound from the bad weather during the winter months and a better outlook for jobs and demographics.
I expect that April sales looked good as well, though I am doubtful that this will continue into May. Since the homebuyer tax credit ended in April, I expect that May sales will have fallen. I also think that the continued turmoil in Europe is going to have an affect in the overall economy here and that will affect house sales.
It is also expected that house prices and interest rates will remain unchanged through this year.
The chart that I found most interesting showed the percentage of mortgages that are ‘seriously delinquent’ (pg 5). The trendlines on this chart show that more and more mortgages are headed into foreclosure – a trend which will definately hold down the housing prices in the future.
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There are some nice visualizations at http://flowingdata.com/2009/03/13/27-visualizations-and-infographics-to-understand-the-financial-crisis/ that explain some of the economic news of the past year. Be sure to click the image to get a bigger view!
I found this clip to be very interesting for the historical perspective. Also implies that we have not hit the bottom on a national average.
I also just read that the median price of sold houses in Detroit in Dec 08 was $7500. Here in Tulsa is was closer to $125K.