Jeff’s Carlsbad Blog for First Time Home Buyers

Good news

Posted in Uncategorized by Jeff Dowler on October 6, 2006

We have had a bit of good news recently in terms of the economy which may impact the housing market in a positive way.

  • Interest rates are the lowest they have been since March 2006. This is good news for you in you are thinking of buying now. On top of the large inventory, the rates put many buyers in a very favorable economic position – but this may not last. If rates go up again (which they will) and the prices drop a bit, the advantage may be lost.
  • Retailers had a better-than-expected September and are forecasting a strong holiday shopping season.
  • Unemployment rates are down
  • Gas prices here in Southern CAlifornia have dropped and now are pretty consistently below $3/gallon, and the oil per barrel price has dropped substantially as well. We haven’t seen these prices for a while.

“Everything that irritates us about others can lead us to an understanding of ourselves.”

C.G. Jung (1875 – 1961)


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