And not in a good way. We are seeing increases in our prices of milk, interest rates, and now even the movers are feeling the pain and pressure. At www.InvestSmarter.com we are not looking at just the basics of real estate, but what all factors lead to and the end result for all types of business. The article below sheds some interesting facts into not only the Atlanta market, but also markets like the Panama City Beach Florida Condominium market:
Daily Real Estate News June 24, 2008
Movers Are Feeling the Pain
Movers are feeling the pain of both gas prices and slow home sales.Nationwide, household moves dropped nearly 18 percent from January of 2007 to this January, says John Bisney, director of public relations for the American Moving and Storage Association.Erik Christensen, owner of Bulldog Movers in Atlanta, says his revenues have dropped by 20 percent in the last year while fuel costs have climbed from 1 percent of his total costs to 5 percent. Overall, his profits have dropped 50 percent. Meanwhile, the do-it-yourself moving business at U-Haul has been steady. Nearly half of the company's moves take place between Memorial Day and Labor Day, and "it's been business as usual," says Joanne Fried, director of U-Haul's media relations.Source: The Atlanta Journal-Constitution, Rachel Pomerance (06/24/2008)
For more information on property available for sale in Panama City Beach Florida please visit www.panama-city-beach-florida-condominiums.com
Have a wonderful day!
Tuesday, June 24, 2008
Monday, June 16, 2008
Interest Rates on the Rise
So what's happening now..lending is already getting tighter...hey who is getting loans these days anyway? Glad to see that some are still able to make it happen. The condo market in the Northern Florida area is getting more and more difficult to fund loans and unfortunately rise rates won't help much either.
Daily Real Estate News June 16, 2008
Greenspan Predicts Rise in Interest Rates
The credit crisis is under control, but with inflation now the top concern, higher interest rates can be expected, said former Federal Reserve Chief Alan Greenspan said last week.Greenspan said he thought the credit crisis had peaked in March. "I think the worst is over (for the U.S. economy) if the financial crisis is over," Greenspan said via video link to an event in Mexico.But to keep inflation under control, Greenspan said the fed will have to tighten monetary policy and that will drive up interest rates.Source: Reuters News (06/13/2008)
There are always two parts to any story and of course we are not anywhere near the level of Mr Greenspan, but one much wonder, is the worst really over? More and more cases of foreclosure and short sales continue to plague the market. But hey, he's in Mexico right? For more information on investing in real estate in and around the Panama City Beach Florida Condominium market please visit www.InvestSmarter.com
Daily Real Estate News June 16, 2008
Greenspan Predicts Rise in Interest Rates
The credit crisis is under control, but with inflation now the top concern, higher interest rates can be expected, said former Federal Reserve Chief Alan Greenspan said last week.Greenspan said he thought the credit crisis had peaked in March. "I think the worst is over (for the U.S. economy) if the financial crisis is over," Greenspan said via video link to an event in Mexico.But to keep inflation under control, Greenspan said the fed will have to tighten monetary policy and that will drive up interest rates.Source: Reuters News (06/13/2008)
There are always two parts to any story and of course we are not anywhere near the level of Mr Greenspan, but one much wonder, is the worst really over? More and more cases of foreclosure and short sales continue to plague the market. But hey, he's in Mexico right? For more information on investing in real estate in and around the Panama City Beach Florida Condominium market please visit www.InvestSmarter.com
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