Serena Jones REALTOR ® West USA Realty Revelation 480.5704773 http://www.SereneLivingAZ.com
Search the Phoenix area MLS directly http://www.ThePhoenixMLS.com
I watched the news this morning and something grabbed my attention. They said that the U.S Government's AAA Credit Rating may be lowered this year because of the financial mess that the country is in. I'm not going to pretend to know everything about what's going on, but this strikes me as a concern. This lower rating could send us back into a recession if negotiations don't go well in the next few weeks. That's fewer jobs, less money flowing through our cities, and less real estate investment for my clients.
What are your thoughts? Do you think this will force home interest rates back up? Or will they continue to go down like current mortgage rates have been doing? What is going to happen to the housing market without these low mortgage interest rates?
Better yet... What will become of the investment property that you recently purchased? I personally see this as the best time to purchase investment properties. If the economy takes another turn, we will likely see another wave of foreclosures and in turn... renters. Sure, we may get another chance to snag these real estate investments, we may even finally see a housing inventory increase, which would be great for my clients looking to buy a home. But, watch out sellers... I think your time may be coming to an end.
Click the picture to search the Phoenix area MLS
Search the Phoenix area MLS directly http://www.ThePhoenixMLS.com
I watched the news this morning and something grabbed my attention. They said that the U.S Government's AAA Credit Rating may be lowered this year because of the financial mess that the country is in. I'm not going to pretend to know everything about what's going on, but this strikes me as a concern. This lower rating could send us back into a recession if negotiations don't go well in the next few weeks. That's fewer jobs, less money flowing through our cities, and less real estate investment for my clients.
What are your thoughts? Do you think this will force home interest rates back up? Or will they continue to go down like current mortgage rates have been doing? What is going to happen to the housing market without these low mortgage interest rates?
Better yet... What will become of the investment property that you recently purchased? I personally see this as the best time to purchase investment properties. If the economy takes another turn, we will likely see another wave of foreclosures and in turn... renters. Sure, we may get another chance to snag these real estate investments, we may even finally see a housing inventory increase, which would be great for my clients looking to buy a home. But, watch out sellers... I think your time may be coming to an end.
Click the picture to search the Phoenix area MLS
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