Collier Swecker video blogs about the importance that the “move-up” buyer plays in the real estate market / economy today. Home owners in all price points need to see the “move-up” buyers buy a new home so that the market continues to move such that prices increase across the board which will benefit the entire real estate market. If you have any questions or comments email me at Collier@MegaAgents.com, visit my blog at www.CollierSwecker.com or my website at www.MegaAgents.com.
Birmingham Real Estate Agent Collier Swecker on CBS 42 WIAT discussing the impact of undeveloped lots and land can have on Birmingham home prices and the surrounding areas.
Collier Swecker video blogs about how home buyers and sellers need to be careful when listening to the national news media’s reporting on the real estate market. Simply put, Collier talks about how there is no such thing as a “national real estate market” much less a “statewide real estate market”. Consumers need to pay attention what is statistically going on in their local market only if they want to put a great buying or selling game plan together. The problem with most news media is that there readership / viewership stretches beyond the boundaries of local neighborhoods, cities etc and they have to be as broad with their information as possible. If you have any questions or comments email me at Collier@MegaAgents.com, visit my blog at www.CollierSwecker.com or my website at www.MegaAgents.com.
Collier Swecker video blogs about how the Federal Reserve Bank’s Chairman Ben Bernanke’s decision to purchase $40 Billion Dollars of mortgage backed securities every month will cause even more problems for the slowly rebounding real estate market. This is the Federal Reserve Bank’s third attempt at this type of stimulus action and the previous two attempts costs taxpayers billions and did not achieve any positive effects for the economy. They say that the reason for this action is to drive interest rates even lower, so that the market will rebound. With current interest rates at nearly 3% and current listing inventories at decade lows conventional wisdom, would tell you that the market would be exploding and prices increasing. Conventional Wisdom cannot be relied upon in this market and it is obvious with the low interest rates we currently have that reducing them to even 1% would not make a difference. The Federal Government needs to stop tinkering and let the market forces play out, good or bad. Oh and another reason not to spend $40 Billion Dollars every month is that the United States is flat out broke and every time they print money to fund these things they are guaranteeing inflation and weakening the dollar! If you have any questions or comments email me at Collier@MegaAgents.com, visit my blog at www.CollierSwecker.com or my website at www.MegaAgents.com.