I think everyone benefits in a slow market. I think the buyers benefit in getting a property at a better price, and I think sellers are still getting a very fair price for their property. There is not an imbalance.
Most investors were expecting a correction this morning after sharp gains in the past few days but when they saw that there wasn't much selling pressure, buyers came back and pushed up the market.
Most members on a homeowners association board are happy to talk with prospective buyers and answer any questions they have,
We are looking for an appropriate entry point and a more realistic set of expectations from investors. We would be aggressive buyers ... in the lower $US300s.
Money is starting to shift to insurers. They are attracting buyers who are betting on the inflated value of their assets.
Money is starting to shift to insurers, ... They are attracting buyers who are betting on the inflated value of their assets.
Mortgage rates have dropped, yes, but a weak economy means people lose jobs or feel insecure in their jobs. Some potential buyers may end up backing off from a purchase. When the economy picks up after a slowdown, interest rates usually rise, but that doesn't stop people from buying.
Mortgage markets have been so flush with cash that home buyers are able to layer one risk on top of the other. It's possible to borrow more than the value of the home, put in no money of your own and pay a minimum monthly payment.
OPEC is expected to announce it will not cut production. We believe they have an agreement with America that it will help the U.S. economy to recover. We are buyers of Shell and BP. They have strong visibility.
People always complain that movies are all the same and that ticket buyers are voting and saying, 'No more,'