Now is the Time to Buy {Investment Firm Says}

Daily Real Estate News | May 20, 2010

Now is the Time to Buy, Investment Firm Says

When you compare the real estate downturn to the real estate market in the 1980s, Blumberg Capital Partners, which provides real estate investment management, finds similarities that lead the company to think now is an optimal time to buy.

Its analysts point out that the recession of the 1980s lasted 16 months, running from July 1981 to November 1982. Unemployment peaked in November of 1982 at 10.8 percent. From that point it took 38 months for the economy to recover fully and for unemployment to fall below 7 percent. It was another 10 months before unemployment was consistently below 7 percent.

Philip Blumberg, CEO of Blumberg Capital Partners, said in a note to investors that the real estate cycle is still three or four years from an optimal selling period, so now is the time for investors to buy.

Source: Blumberg Capital Partners (05/19/2010)

A Growing Trend? {I Hope So}

One of my favorite Blogs is Brooke Giannetti’s Velvet & Linen. Her most recent project, in order to get her kids to become more involved in eating healthy, was replacing her front yard grass area into a kitchen garden.

It’s such a great idea!  And no more mowing. Not one thing bad about that!

To see more pictures:

http://brookegiannetti.typepad.com/velvet_and_linen/2010/05/our-kitchen-garden.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+VelvetLinen+%28Velvet+%26+Linen%29

This reminded me of  ‘It’s Complicated’.  Remember Meryl’s garden ?!

Gotta go, need to figure out how to  backhoe the front lawn.

Best,

Tracy

Mortgage Rates Hit 6-Week Low

Daily Real Estate News  | May 7, 2010

Mortgage Rates Hit 6-Week Low
Freddie Mac reports that the average interest for 30-year fixed mortgages was 5 percent this week, down from last week’s 5.06 percent.

Meanwhile, 15-year fixed loans averaged 4.36 percent versus 4.39 percent over that same time span. Rates on five-year, adjustable-rate mortgages and on one-year ARMs also were down, averaging 3.97 percent and 4.07 percent, respectively.

Source: Modesto (Calif.) Bee (05/07/10)

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