Comments on: Today’s Mortgage Rate: 5.875% – APR 6.001%

By: Market Update for Frederick area and Condos : Focus On Frederick.com

Market Update for Frederick area and Condos : Focus On Frederick.com — Mon, 07 Apr 2008 18:45:29 +0000

[...] Houses are starting to get people back through them again, and the phones are ringing again. The interest rates are still very low for potential home buyers. Buyers that are on the fence need to do the math on the savings of [...]

By: Carole Cohen

Carole Cohen — Fri, 04 Apr 2008 15:16:15 +0000

Derek, thank you and right back at you! It’s good to hear ‘what good is a cheap house if it’s not what you want?’ from a lay person! :0)

By: derek

derek — Fri, 04 Apr 2008 13:30:08 +0000

You are so right Carole. It’s about your values and the value of the home. What good is a cheap house if it’s not what you want?

It’s nice to hear a professional say these kinds of things .

derek’s last blog post..Who says?

By: Carole Cohen

Carole Cohen — Fri, 04 Apr 2008 07:00:15 +0000

Laurie, I have two clients affected by exactly what you said regarding losing out to cash purchase investors. For both of them, they didn’t wait hoping the market would get lower, this is just when they got to the point they could buy a home. Nevertheless it proves your point that the good ppties are seeing multiple offers. I am showing a house tomorrow (er, later today) that has been on the market only two days and am praying that if we like it, we won’t have competition. Thanks for commenting.

By: Laurie Manny

Laurie Manny — Fri, 04 Apr 2008 06:50:03 +0000

Well prices here have finally leveled out. What a surprise for all of those buyers who waited. They cant get their offers accepted.

Every good property has multiple offers on it and the investors are walking away with most of them with all cash purchases.

Sellers are already giving little or no concessions. I don’t anticipate an upturn in the market, although, this is going to get really interesting when interest rates inevitably start climbing.

Good rant……………anybody listening out there?

By: Carole Cohen

Carole Cohen — Fri, 04 Apr 2008 03:10:07 +0000

when you look under the ’submit’ button, there should be a box checked that says enable comment luv; maybe it’s having trouble finding yours? I hope not!

By: Ann Cummings

Ann Cummings — Fri, 04 Apr 2008 03:07:50 +0000

I don’t know how to use that, Carole. I just checked the link below, and I don’t know…..

By: Carole Cohen

Carole Cohen — Fri, 04 Apr 2008 03:06:15 +0000

Hiya Ines. The hair went up on the back of my neck as you reminded me of the high appraisal issue. It really points out that in our experience I think people get caught up; if the market is high OR if the market is low. We need to keep perspective!

By: ines

ines — Fri, 04 Apr 2008 02:57:51 +0000

This is what I find fascinating – how come buyers were not concerned with buying at the “top” of the market when the market was HOT?? Wouldn’t that be a bit more risky? Instead they were willing to pay above appraisal and put in ridiculous bids for homes that were not worth it.

I agree with Bob – real estate will always be bad for someone and the media will always focus on that “negative”.

you do floor?

ines’s last blog post..Real Estate Market Reports for Miami Shores, Bay Harbor Islands, Surfside, Fisher Island, Aventura, Biscayne Park and El Portal

By: Carole Cohen

Carole Cohen — Fri, 04 Apr 2008 01:43:17 +0000

and why are some of you not using comment luv; seriously, you write great blog posts, use it next time!