The FEDS Update on the Real Estate Industry

Blogging From The Desk of Alicia Lagarde-Craig

The Fed Meeting was in line with market expectations with no real surprises yesterday.

Highlights:

-Key interest rates will remain at current levels with no indication of immediate increases

-The Fed deemphasized the deflation fears

-The Fed states that the pace of economic contraction is slowing.

-The Fed continues its commitment to purchase Mortgage Back Securities from Fannie and Freddie, ensuring liquidity and rate pressure reductions.


What does this translate to us for the Real Estate and Mortgage Industry?


The below 5% mortgage rates on 30 year fixed mortgages are probably gone for good....no use waiting around for that to happen.

The market will remain a buyer's market with affordability at all time highs and a flood of foreclosure properties available

Expect rates to increase toward year end as the Fed is forced to deal with inflation risks as economy continues to improve

The home buyer's season should be robust; affordability, rates, tax credits, should make the season a good one


While no one can predict the absolute bottom of the market, we are at or near a bottom.

If you are waiting for additional discounts on sales price, you may lose out even if they get lower prices due to rising rates and the end of tax incentives.

Knowledge is power.

~Alicia

First Time Home Buyers Class

Blogging From The Desk of Alicia Lagarde-Craig

Attention First Time Homebuyers:

Make Plans to attend a FREE FIRST TIME HOME BUYERS CLASS (Pre-Registration is REQUIRED to attend)

Take advantage of this educational event hosted by Keller Williams Realty New Orleans, America’s 3^rd largest and fastest-growing real estate company! This is a fabulous opportunity to have all your questions answered. Learn all the steps to the home buying process including: how to make your best offer and pitfalls to avoid that will save you time and money!

FIRST THREE REGISTRANTS WILL RECEIVE A FREE COPY OF THE NEW YORK TIME’S BEST-SELLER ‘YOUR FIRST HOME – THE PROVEN PATH TO HOMEOWNERSHIP’ BY GARY KELLER

Event Time & Location:

Tuesday, June 23, 2009

Keller Williams Realty New Orleans

8601 Leake Avenue (Leonidas at the river)

New Orleans, LA 70118

Seating is Limited, Register Today

(Pre-Registration is REQUIRED):

Call The Craigs For Real Estate

Call Alicia Lagarde Craig at (504) 382-3724 or email your contact information to alicialagarde@kw.com (put “homebuyer class” in subject line)

Keller Williams Realty New Orleans, each office independently owned and operated. Alicia Lagarde Craig, agent licensed in the State of Louisiana. 6/09

First-Time Home Buyer Class

Blogging From The Desk of Alicia Lagarde-Craig

Don't Miss This Fabulous Opportunity to attend a First Time Home Buyers Class hosted by Keller Williams Realty New Orleans. It will be held on Tuesday June 23, 2009 at Keller Williams Realty in New Orleans. This class will be held from 6:00 pm - 7:30 pm. (Class Details Below)

Come find out why Keller Williams is the 3rd largest Real Estate Company in the United States. It's because your success is our goal!

Class Details:

Event:

First Time Home Buyers Class @ Keller Williams Realty New Orleans

Address:

8601 Leake Avenue

New Orleans, LA 70118

Time:

6:00 PM - 7:30 PM

Goal:

To teach the steps necessary to buy and maintain a home.

Registration:

Call or Email to Reserve. Seating is limited!

Alicia Lagarde Craig @ 504-382-3724 or AliciaLagarde@kw.com

or

Jeff Craig @ 504-352-6190 or JeffCraig@kw.com