Homes humping the economy down?

The title may sound a bit crass but given the fact that this is the sixth straight month that the sales data for homes has fallen flat, one cannot help to think but exactly that. The homes data just seems to be heading in one direction and that is the basement level. This is the sixth straight month where the sales of new homes has fallen low and analysts are predicting that this is bound to get even worse.
With unemployment increasing day by day and with the consumer confidence at an all time low, people are just not interested in dumping all of their life savings on an asset that may well be devalued in a few months time.

But then again, there is the other side of the coin; the prices of new homes are at an all time low. The days of when you thought that the mansion next door must be well above your price range are long gone. These days, one never knows what one can get within ones price range, who knows, it may even turn out to be a mansion in Bel-air. With such low prices one would have thought that the Realtors would have to be beating off the crowd with a huge stick. But the sad reality is that even such low rates are not enough to jump start a customer’s enthusiasm these days.

Even with rates of new homes slipping by as much as 4% the crowd just does not seem to be knocking at the front door. What is a disturbing tendency in all of this is the fact that there are over 4 million homes unsold and with the current rates of home sales, we may well have to wait for nearly 10 months to clear up the deck.
Naturally when things are bleak, we are always told to look for the silver lining. So far the only one that I can find is the fact that I could afford that mansion at Bel-air, if I wanted to, but then again that would mean locking up my funds in an already cash strapped market. That is the quandary that every consumer finds himself or herself in at the moment!

Bank to take over Countrywide?

Well, the recent debacle with Countrywide had sent many a investor scampering for the hills. But, what may be perceived as trouble by others is seen by others as an opportunity to make business, of course, there are many that would probably call them vultures. But that would be a bit rich, who is not trying to make a quick buck these days, even if it is at your neighbor’s expense?

Anyway, the recent Mortgage crisis seems to have sent the Bank of America calling on to countrywide Inc, in a bid to purchase the already beleaguered company. This move has sent a sigh of relief through many of the share holders of the Countrywide stock, as the recent news of the exposure of defaulting mortgage payments sent the stock price of Countrywide go into the basement. With the second largest bank in the United States poised to take over Countrywide, the stock markets have all reacted favorably, each posing gains and showing signs of throwing off the bear!

Freddie Mac loses 2 Billion$ and now may go bust?

There are days when the bad news just keeps on coming , I am sure that there are many of you out there who wish that this subprime mess was taken care right in the beginning itself but hey, everything seems possible in retrospect. And today we get to hear about the Big Freddie losing a cool 2 Billion$ in all his subprime and the housing crisis.
Freddie Mac is the nations second largest buyer and the guarantor of house loans, since they announced this news, I guess that Big Freddie has taken quite a beating on Wall street already. What does this mean for the common man? Well, for one thing, getting a loan is not going to be all that easy from now on and Freddie is definitely not going to be smiling at your loan applications, that's for sure. The housing market is fast heading into a free fall, with the resounding impacts on the real estate and other markets which will become all too apparent soon!

Advertising in the age of high tech!

We have all come a long way since the time of flyer's and billboards to advertise our products.in this day and age of the 'high tech' we all can do a whole lot better to sell our products.and one of the effective methods by which we can increase the reach and exposure for our products is to do 'Mobile marketing'.one of the companies to take a lead in this form of advertising and offer a whole host of services to clients is none other than Cellit.Cellit offers various ways by which the companies,small and big can advertise their wares.in short Cellit Mobile Marketing can make a huge difference to a company's success rate!
In this dog eat dog world,we all need all the help that we can get and as such Cellit is like a boon to many companies because not only are they able to offer greater exposure to the company in question at very affordable rates.and amongst the services that they offer ranges from text messaging to wap to voice.and one of the services that they also provide for their clients is the House4Cell,a text based info on the real estates.so the next time you need info on a real estate near you,all you need to do is to send a query by mobile to Cellit and you will get your reply right away.
With the kind of aggressive methods that each and every company is using to market their products,often the small guys are left by the wayside.as such Cellit has a special Mobile marketing offer for restaurants,diners,bars and nightclubs,called CouponZap and by this they have provided a very valuable tool for others to compete equally with the big guns.as such advertising is like a ever changing picture with new and new things coming into the market every day and we all need to be on our toes to compete effectively.so if you do not want to be left behind,click on the link above and come on in!

Real Estate made easy!

With everyone being so busy they may not have the time to attend schools which would end up with them wasting countless hours when they could have been working.we,, since this is the age of the information technology is it any surprise to hear that a leading provider of education in the state of Texas has teamed up with C.E.L.I to provide all of us with a convenient online home study courses.by this,C.E.L.E seeks to provide all those students who are applying for texas real estate licensing or seeking to renew their real estate licence a golden opportunity by which they can study for the course from their own home or office desk and thereby optimise their valuable time.
Of course,the students would receive text books and all and they can either opt for a hard copy of the test or an online test.either way,the students time are better optimised and the education that they receive would be one of the best.some of the online courses that C.E.L.I offers in partnership with Texas A&M University are as follows,Real Estate
Appraisal
Home Inspection
Licensed Irrigators
For additional information contact C.E.L.I. toll free at 888-333-3735 or visit www.celi-edu.com.
so if you are in need of a real estate liscence or need to renew one then,you have indeed come to the right place!