Thought Provoking

I was listening to the Fox Business News channel with Alexis Glick talking about the Real Estate crisis. She brought up some interesting points:

• There are rumors that the interest rates are going to be lowered by ¼ to about 4.5%.
• Homes sales are down but prices are up.
• Are lower mortgages the right thing to do with a weakening US dollar especially when inflation – gas, groceries, etc. are still are the rise?
• Is the Media fanning flames on the housing problems?
• Housing prices have risen at record levels over last 10 years.
• Now that ARM teaser rates are expiring should there be refinancing of these loans or should prices be brought down?
• It is really a buyer’s market, especially with the building of more housing (i.e., proposed housing in Fremont by the new baseball stadium being built)?
• It is tempting to buy up the ‘low’ priced housing with plans to turn it around but that isn’t really as simple as it seems.

Read over her report. I found it very interesting and though-provoking. I’d like to hear some of your opinions on these subjects.