I thought it might be interesting to recap some of this weeks headlines from national and local news sources to see what the news media mood is related to real estate and the economy. Here is a recap of this week?s real estate headlines:
- Mortgage rates stay below 5%
- Charlotte-area home sales pick up in February (up 3.6%)
- Clear Springs back to development Mixed-use project one of rare starts across the region at Springfield Town Center in Fort Mill
(Charlotte Business Journal)
- Foreclosures level off in February
- It’s OK to be optimistic
(Inman News)
- Fort Mill to lose 27 teaching jobs,middle school sports to budget cuts
- York County Says: Fort Mill tower owners have 60 days – Claiming that MorningStar Ministries breached an agreement with York County to rehabilitate the former Heritage USA tower
(Fort Mill Times)
- FHA Head: Don’t Raise Down Payments
- FHA Commissioner David Stevens said if the mandatory down payment for an FHA loan is raised from 3.5 percent to 5 percent, the organization will probably insure 300,000 fewer homes every year.
- Future Foreclosures Could Hamper Housing
- A second wave of foreclosures could hit the market this year, which could negatively affect an otherwise stabilizing housing market.
- Mortgage Rates Remain Steady
- For the second week in a row, average rates for 30-year mortgages stayed below 5 percent.
- Home Equity Loans Available Again
(Realtor.com)
The mood seems to be positive, negative, and contradicting but I would say leaning more positive. Your thoughts?
hi carmen, we were talking in the GHES SIC meeting. we have scheduled Ralph Norman to come in and speak to us about some of the upcoming bills reaching Columbia. it came up that those in your industry reley heavily on the reputation of the fort mill schools. with that possbily taking a downslide, why is it that real estate people are not getting more involved in keeping the schools sound? someone mentioned that there have been past battles between real estate and the district. i am not familiar with any of that but it does seem to make sense that these offices should be lobbying along side us as we all want the same thing.
I don’t think that in next 3 years the real estate market will come out of the crisis, so there is a high probability that prices will fall a little bit again.
According to latest predictions American real estate market is slowly entering a bullish trend, so it’s time for investing.
In these tough times you just can’t predict what is going to happen in the economy or in the real estate market. Any scenario is possible, and we should hope that the economy would get back on track and do everything we can to support it. Right now, the situation isn’t good for anyone…
I am glad that finally the crisis is over and the real estate prices are going up, hope they will rise to their max levels quick.
It is so sad to hear that Fort Mill to lose 27 teaching jobs,middle school sports to budget cuts, my kids love sport.
I think that the greatest news is that for the second week in a row, average rates for 30-year mortgages stayed below 5 percent.
In February the foreclosure level was off, I wonder how did situation change till today, are people buying again?
I hope that in future our some joyful news will be published on our local headlines, cause to be frank I am tired of this pessimism.
I am glad that since 2008 the news became more optimistic, analyzing all recent headlines I found that the crisis is over.
So from September we will have less sport classes for our children as the teaching personal was reduced with 27 employees.
I wonder how did the foreclosure levels changed since February till now, did they decreased, cause officially the crisis is over.
We are hoping here in Texas that the lower and lower interest rates will start to move this economy. We are currently having trouble getting jumbo loans approved because of the credit markets being so tough.
I’m glad that the crisis is over and nowadays nobody is remembering what is a foreclosures, let’s hope that the markets will go up.
I think that the best news in March was the fact that home equity loans became available again.
Now when I remember March 2010, I remember only one thing Foreclosures, I’m glad that I had no credits.
I remember March 2010 it was a hard period I was jobless and we almost sold our house due to the high bills but thanks God now everything is back to normal.
Now when the 2010 is almost over when I remember those moments it was very hard, the economy was down.
I think that this subject should be closed nowadays everything is back to normal, the crisis is over and the real estate prices are going up.
It is almost as good as what we found in November, when average mortgage rates fell to record lows and loans are available for less than 5% in each city we surveyed.
In these tough times you just can?t predict what is going to happen in the economy or in the real estate market. Any scenario is possible, and we should hope that the economy would get back on track and do everything we can to support it.
Now when the 2010 is almost over when I remember those moments it was very hard, the economy was down.
I keep wondering how will look the headlines in this march, when everything is back to normal, or at least it seems to be so.
Thanks for sharing! I’m glad I was able to find these issues with many of the real estate companies in my area.
well ist 2011 now and things certainly dont look better, te real estate market is picking up somewhat, I think though that things will turn around now, and quickly too.
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