Interest rates
Interesting times for the Dallas real estate market as several neighborhoods are seeing homes sell fast for thousands more than they would have just 18 months ago. But with the Federal Reserve toying with interest rate changes, will next month’s forecast be far less optimistic than the June breakdown from Local Market Monitor? “Low Risk”…
Interesting story in the Los Angeles Times. According to their business desk, banks are easing lending restrictions and lending more freely, using “creative financing,” which could bring more risk to the market. The story, which talks about “piggyback financing” and other risky mortgage loans, says that with higher prices comes more risk in housing finance.…
Shopping for a home can be nerve-wracking. When you’re actively looking for a home, most often you’re dealing with a deadline, a budget, and an unrealistic wishlist. It’s hard, trying to make concesssions with your spouse and trying to compromise on what is a need and what is a want. Our home search was no…
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