Good Morning,
I hope that your Tuesday is off to a great start already. There are only 76 Days left until the expiration of the $8,000 First Time Home Buyer's Tax Credit. Have you been in touch with a trusted Real Estate Agent yet to help you capture this fabulous opportunity? I sure hope you are able to take advantage of this tremendous opportunity.
In the Markets today, Mortgage Bonds are trading lower this morning after the Producer Price Index came in more than double expectations, prompting fears of wholesale inflation. We'll get a better read on inflation tomorrow, when the Consumer Price Index is released.
In other news, Retail Sales for last month were reported at the largest monthly increase in three years, due largely to the Cash for Clunkers program. Additionally, the New York State Manufacturing Index climbed to its highest level since late 2007. However, this may indicate a temporary boost for manufacturing, rather than a true uptick in business activity.
Overall, Bonds have rallied back strong after bouncing off of support at the 100-Day Moving Average. I recommend floating for now as I watch to see if support holds. If a change of course is required, I will certainly let you know. In the meantime, I hope you have a great rest of your day. If there is ever anything that I can do for you, please let me know.
Tuesday, September 15, 2009
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Every investor must start-up a plan before heading up on buying a property. Learning the basics of real estate is essential rather than visualizing the money aspect. Listen to skilled professionals like bankers, estate agents, home inspectors, etc., they most likely know the latest trend.
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