Comments on: What Happens When the Fed Exits the Market? http://www.kcmblog.com/2010/01/26/prices/ Building a Home for Real Estate Information™ Tue, 07 Feb 2012 05:14:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: What Happens When the Fed Exits the Market? « BraySpace http://www.kcmblog.com/2010/01/26/prices/comment-page-1/#comment-690 What Happens When the Fed Exits the Market? « BraySpace Fri, 05 Mar 2010 15:26:20 +0000 http://kcmblog.com/?p=2605#comment-690 [...] via What Happens When the Fed Exits the Market?. [...] [...] via What Happens When the Fed Exits the Market?. [...]

]]> By: Steve Harney http://www.kcmblog.com/2010/01/26/prices/comment-page-1/#comment-673 Steve Harney Mon, 01 Mar 2010 18:14:57 +0000 http://kcmblog.com/?p=2605#comment-673 Great points M! The Fed has said they will definitely exit the mortgage market on March 31st. They have hinted that they may come back in if mortgage rates rise to an unacceptable rate. What that means no one knows. They are purposely being vague. In regard to the Tax Credit, I believe it will end as scheduled. Some have guessed they might scale it down ($6,000 for 3 months, $4,000 for the next three months, $2,000 for the three months after that). Time will tell. Real estate professionals should move forward as though all assistance will end as scheduled and make a plan based on hard work and serving their buyers and sellers. That is the only thing they have ultimate control over. Great points M! The Fed has said they will definitely exit the mortgage market on March 31st. They have hinted that they may come back in if mortgage rates rise to an unacceptable rate. What that means no one knows. They are purposely being vague.

In regard to the Tax Credit, I believe it will end as scheduled. Some have guessed they might scale it down ($6,000 for 3 months, $4,000 for the next three months, $2,000 for the three months after that). Time will tell.

Real estate professionals should move forward as though all assistance will end as scheduled and make a plan based on hard work and serving their buyers and sellers. That is the only thing they have ultimate control over.

]]> By: M http://www.kcmblog.com/2010/01/26/prices/comment-page-1/#comment-670 M Mon, 01 Mar 2010 04:53:03 +0000 http://kcmblog.com/?p=2605#comment-670 Is there a chance the Feds would decide to extend the March 31st expiration of their program (purchasing mortgage-backed securities) to prevent low rates from rapidly increasing? ...First, is this possible? Second, how long might they do it for? And third, will that just postone the drop in the market? My thoughts are... if the Fed SEPARATES THE TIMING of the Tax Credit Expiration from the cessation of the above mentioned program ...that maybe the market drop would be smaller or perhaps stay steady before they start to rise again? (Note: the Tax Credit will stop during the Standard Peak in the Nat'l market, helping to soften that hit.) In other words, prevent the larger drop as per the Case Shiller Future's Graph, and shorten the recovery time? Just a hopeful thought... M Is there a chance the Feds would decide to extend the March 31st expiration of their program (purchasing mortgage-backed securities) to prevent low rates from rapidly increasing? …First, is this possible? Second, how long might they do it for? And third, will that just postone the drop in the market? My thoughts are… if the Fed SEPARATES THE TIMING of the Tax Credit Expiration from the cessation of the above mentioned program …that maybe the market drop would be smaller or perhaps stay steady before they start to rise again? (Note: the Tax Credit will stop during the Standard Peak in the Nat’l market, helping to soften that hit.) In other words, prevent the larger drop as per the Case Shiller Future’s Graph, and shorten the recovery time? Just a hopeful thought… M

]]> By: Where Are Home Prices Headed? http://www.kcmblog.com/2010/01/26/prices/comment-page-1/#comment-586 Where Are Home Prices Headed? Mon, 22 Feb 2010 21:08:44 +0000 http://kcmblog.com/?p=2605#comment-586 [...] a recent article, real estate expert Steve Harney pointed to several factors pointing to this outlook.  First of [...] [...] a recent article, real estate expert Steve Harney pointed to several factors pointing to this outlook.  First of [...]

]]> By: Something for Sellers to consider… « A Real Estate Blog in Palatine / Arlington Heights http://www.kcmblog.com/2010/01/26/prices/comment-page-1/#comment-520 Something for Sellers to consider… « A Real Estate Blog in Palatine / Arlington Heights Wed, 10 Feb 2010 23:24:18 +0000 http://kcmblog.com/?p=2605#comment-520 [...] incentives (in the next few months) expect to affect the housing market in 2010… What Happens When the Fed Exits the Market? –Ken Kuly, [...] [...] incentives (in the next few months) expect to affect the housing market in 2010… What Happens When the Fed Exits the Market? –Ken Kuly, [...]

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