Posts from ‘October, 2007’

The Federal Reserve just cut the federal funds rate by 0.25% to 4.50%.  They cited a slowing economy and the housing slump:
The central bank predicted in its statement accompanying the decision that “the pace of economic expansion will likely slow in the near term” as the housing slump intensifies.
The federal funds rate is not to be [...]

The Federal Reserve is meeting today and tomorrow. They will issue a report tomorrow and also annouce their decision on the Federal Funds Rate. Not everyone agrees on what they will do. The Wall Street Journal doesn’t appear to be expecting a cut:
…The Wall Street Journal raised doubts that the Fed would cut interest rates again after [...]

My good friend Gary Whittington is a very talented sculptor whose artwork is finally going to be on display. His first art show is coming up on November 9th. I honestly haven’t seen much of Gary the past few months because he’s been so busy getting ready for this show. When I talked to him [...]

… and the Onion published this headline (not knowing what lay ahead of course)

This happens to be one of my all time favorite Onion headlines. Now if you’re not familiar with The Onion then go check it out.

The Carnival of Real Estate rolled into town again in Phoenix. From Super Bowls, BCS Championships and numerous other sporting championships, our area is very familiar with hosting big time events. Heck we’ve even already hosted multiple carnivals! Now how many cities can say that?
This time the carnival arrived in a most interesting holiday [...]

Today the US Dollar hit a fresh low against the Euro.  This means Phoenix real estate just got cheaper for Europeans wishing to buy a second home or investment property. Obtaining a home mortgage for Europeans is similar as that for Canadians.  As I did yesterday, I have graphed what a $250,000 home would cost in terms of the Euro.  [...]

The Phoenix, Arizona area is an attractive real estate market for Canadians. Not only did our Governor just recieve a commitment from a Canadian company to expand its operations here, but with the fall of the American dollar homes in Phoenix just got a whole lot cheaper.
Just to illustrate this dramatic fall, I have graphed what a $250,000 home [...]

Earlier this month, the HUD had issued a statement announcing that it would prohibit borrowers from using seller-financed down payment assistance programs. The major assistance providers have filed suit against this ruling. The courts have not issued an injunction, at least not to my knowledge. However the HUD did come out late last week and granted [...]

Lani Anglin spent her birthday combing through 40 posts and published this weeks Carnival of Real Estate. Hop on over and read her selections. You might find one from yours truly included on the list of top ten.
Also - don’t forget to wish Lani a happy birthday!
I will be hosting next weeks carnival, so hurry [...]