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For further advancing your business interests, you may have to buy new commercial properties. A huge fund is involved in buying property for commercial purpose. You can sell old commercial property for raising funds for buying new one but it may take time. Commercial bridging loans are suited best for taking the much needed finance [...]
Short Term Bridging Loans — Own Property Instantly At Low Cost Finance
You have set eyes on a property either commercial or personal and you need to buy it immediately before any property grabber takes note of it. But there is a problem. You would be selling your old property to get required finance for buying [...]
Low Cost Secured Loans – Economical Way To Access Your Property’s Equity
Majority of the population nowadays needs loans to fulfill their personal desires. What prevents a common man from applying for a loan is the huge cost involved in it. But now you will be glad to know that there are low cost secured loans [...]
This just report just in from one of my clients… "the worst recession in seven decades likely ended in the current quarter" said David Shulman, senior economist economists with the UCLA Anderson Forecast said in a report released today.
The report includes forecasts for housing prices, housing starts, unemployment, mortgage rates, disposable income and other factors affecting housing markets.
"This process differs from normal recoveries where there is a natural inclination to borrow and spend after a period of Fed tightening that induced recession in the first place," Shulman warns. This time around, the Fed started easing monetary policy well before the beginning of the recession, but the economy is only now showing "hopeful signs of recovery."
In other essays accompanying the report, economists say incentives for homebuyers are needed to bring housing starts back in line with historic trends.
The UCLA Anderson Forecast predicts 2.3 percent growth in real gross domestic product (GDP) during the fourth quarter. But it's the need to restock depleted inventories of goods — not increased demand — that will drive much of that growth. The report predicts businesses will build up their inventories by $12 billion during the fourth quarter, an amount equal to nearly 1.5 percent of real GDP.
But unemployment isn't expected to peak until next year, hitting 10 percent before falling back slightly to 9.7 percent in 2011. The report projects unemployment will average about 9.2 percent this year — more than twice the 4 percent seen at the turn of the century on the eve of the dot-com bust.
"The bubble in employment associated with the bubble in home prices has now fully adjusted to pre-1999 levels" said UCLA Anderson Forecast senior economist Jerry Nickelsburg in another essay, "Will California Watch the Take-Off From the Tarmac Once Again?"
While homebuilding has driven some past recoveries, this time around construction is expected to lag.
The report forecasts that single-family housing starts, which peaked during the boom at 1.7 million units in 2005, will bottom out this year at 452,000 but remain below the 1 million mark until 2011. Single-family housing starts are projected to rebound to 666,000 next year and 1.02 million in 2011.
("Alexis, I thought of you when I read this, sounds alot like what you've been telling everyone for a while now! Time to buy!" Andrew Cushman…)
In fact, at the current building rate, "we are under-building by 1 million units, laying the foundation for the next housing mania," if supply is outstripped by demand, warns Edward Leamer, director of the UCLA Anderson Forecast, in another essay, "Bail Out Homeowners, End the Recession?"
Leamer thinks that rather than bailing out homeowners, the government should focus on creating buyers. While falling prices can stimulate demand, with housing that's not always the case.
Income limits on the $8,000 federal first-time homebuyer tax credit have limited its effectiveness, Leamer said. A state tax credit of up to $10,000 offered on new-home purchases in California was "good for homebuilders, but not so good for the housing market" because new homebuyers selling an existing home are "filling one vacancy but creating another," Leamer wrote.
If there's a silver lining, it's that fears of inflation — and higher interest rates on mortgages — have subsided in some circles.
In the near term, the consumer price index is forecast to spring back only modestly from a projected -0.4 percent this year to 1.5 percent in 2010 and 2.2 percent in 2011. That compares to the previous low for the century of 1.6 percent in 2002, and a high of 3.8 percent in 2008, when oil prices soared.
But the Federal Reserve's massive injections of liquidity into financial markets, along with increased government borrowing and rising deficits, do pose a long-term inflation threat, the report said.
"Market participants know full well that there is more than enough liquidity in the system to ignite a persistent inflation; not today but perhaps within a few years," Shulman wrote.
In order to deal with this threat, UCLA Anderson Forecast economists believe the Fed will gradually shrink its balance sheet and begin to slowly move away from its zero interest-rate policy in the third quarter of 2010.
The UCLA Anderson Forecast projects that mortgage rates will rebound from historic lows but not soar into the stratosphere. Rates on conventional 30-year mortgages will rise from an average of 5.16 percent this year to 5.56 percent in 2010 and 6.01 percent in 2011 — about where they were last year, the report said.
So, based on these findings, what are YOU going to do??? I hope you are like Andrew, and you are taking advantage of this market by, buying, buying, buying at 50% or more discounts. And whether you sell quickly and put your profits in the bank, or let it roll and hold for a year or so…. for positive cash flow rentals. There has never been a time like this in my 22 years of investing!
But it's not easy finding those 50% off deals. There are not alot of REOs on the MLS right now, and those that are there, are getting multiple offers and the prices are way too high. But if you search foreclosures.com listings you find REO foreclosures that are NOT on the MLS. What's up with those? How do you get your hands on those deals, to get an edge on your competition??? Want to find out HOW???
Join me this Tuesday in my Mastering Mini Lab Webinar & Call for the details. Call 800-310-7730 x2 to register or go here now. Get the inside scoop! Talk to you Tuesday!!!
