Fed Lowers Rates Again

The fed lowered interest rates again today, bringing the federal funds rate to 3.0% and the discount rate to 3.5%. The decision was prompted by continuing economic struggles in the U.S. and fears of a global recession. It is hoped that the lowered rates will revitalize the U.S. housing market, which has been declining in the wake of the subprime lending disaster. Lower interest rates should make new mortgages and refinancing more accessible to those who have been affected by the credit crunch.

Read more here.

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All aspects of the Home Buying process will be covered including: How to pick a Real Estate Agent, What types of loans are available, How much money you will need for down payment, Home Buying Tips, Agency Disclosure, The Home Buying Process, and the Purchase Agreement from start to finish.

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When: Saturday, February 16, 2008 10:00am-11:30am

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Emergency Rate Cut: Evidence of Confidence or Fear?

The Fed issued an emergency rate cut of 0.75% this morning, a large increment compared to the typical 0.25% adjustments. As U.S. and world markets continue to stall or decline, U.S. Treasury Secretary Henry Paulson displayed a glimmer of optimism, stating that the rate cut is "very constructive" and "shows to this country and the rest of the world that our central bank is nimble and is able to move quickly to respond to market conditions." Paulson asserts that this "should be a confidence builder." Some economists, however, took the opposite perspective, characterized by statements such as those of Insinger de Beaufort's fixed income strategist Marc Ostwald, who contends that "this does everything but shore up confidence and will be seen as a panic reaction."

Does the rate cut show confidence or insecurity? Read more:

News.Sky.com

Money.CNN.com

NYTimes.com

BZPros Newsletter - January 2008

Hello Everyone! We hope the New Year is bringing an abundance of love and prosperity into your lives. Speaking of prosperity, 2008 may be the perfect time for you to invest in Real Estate; and the BZPros Real Estate Team is your #1 resource for information when you are ready to join the world of Real Estate Investing! Read More...

2008 Market Friendly to Investors

Lackluster predictions should not discourage investors from participating in the 2008 market; FoxBusiness.com states in its summary and review of the Grubb & Ellis 2008 Global Real Estate Forecast that "[t]he ongoing downturn in the housing market will continue to be a boon for the multi housing rental market in 2008 as more households choose or are forced to rent." The Grubb & Ellis report contends that the market for commercial and industrial investment properties will remain relatively strong.



As the solid buyer's market continues to drive down prices, we see a significant advantage for buyers who may have been shut out of the market by the "bubble" prices of the last several years. Industry experts set predictions for a turnaround in the market for single family residences at anywhere from mid-2008 to five years out.





Read more:
FoxBusiness.com
NCTimes.com
GlobeSt.com



For Southern California residents, membership with the Real Estate Investors Club of Los Angeles offers free access to monthly meetings ($29 for non-members) as well as members-only meetings; seminars; books, CD's, and pamphlets; there are 4 different levels of membership, with annual dues ranging from $149 to $797.

"What Is A Short Sale?"

Sellers Advice In Today's Challenging Real Estate Market

Should buyers wait until the market bottoms out?

A smooth, sunny 2008 Rose Parade

Check out this great review of the 119th annual Rose Parade in Pasadena

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Happy New Year and welcome 2008!

As we reflect on the previous year, we realize how blessed we’ve been to have had the privledge to meet and serve so many wonderful people. We thank all of you for your continued support and the opportunity to earn your trust as your partner in Real Estate.

We look forward to 2008 with excitement and foresee a year full of possibilities and opportunity for all. We’ll continue to reveal great deals, keep you up-to-date on the Real Estate market and provide valuable tools and information to help you make sound Real Estate decisions.

We wish all of you many opportunities for success in the New Year!