by Joe McAuliffe | Mar 23, 2011 | Cup O' Joe, Economic Considerations
This is “food” for thought… Tell Washington We’re Drowning While Wall Street, Corporations and the Banking Industry have recently enjoyed record profits and significant progress towards a complete recovery, the average American is struggling to make ends meet....
by Joe McAuliffe | Mar 11, 2011 | Buyer Consideration Samples, Buyer Considerations, Cup O' Joe, Cup O' Joe Samples, Economic Considerations
THE HISTORY OF INTEREST RATES 1. For nearly 30 years, the interest rate averaged around 7.5%-8.0%. But, with the Fed Policy of Quantitative easing, the rates have been artificially low at around 4%. 2. With the Fed modifying it’s policy, nearly every expert...
by Joe McAuliffe | Mar 10, 2011 | Cup O' Joe, Economic Considerations
BANK FORECLOSURE FUNNEL The funnel above shows the difficult situation for banks. They have an overabundance of delinquent homeowners, Lis Pendens that have been filed, and REO properties they are holding. So, why don’t they step up each phase of the...
by Joe McAuliffe | Mar 9, 2011 | Cup O' Joe, Economic Considerations
Are Responsible Home Owners with Great Credit Being Cheated? Consider the following Scenario: The Bigheads live next door to the Frugals. They’ve been friends for many years and purchased their identical homes at the same price, next to each other in 2006. They even...
by Joe McAuliffe | Mar 8, 2011 | Cup O' Joe, Economic Considerations
Never Rent! Let Uncle Sam Help Pay for Your House One of the most revered “Sacred Cows” in the Tax Code is the deduction that Homeowner’s are allowed to take for the mortgage interest and property tax expenses they pay on their primary residence. Homeowners are...
by Joe McAuliffe | Feb 21, 2011 | Cup O' Joe, Economic Considerations
Will the Real Estate Market Follow the Stock Market? The Stock Market has experienced dramatic swings in value during the past four years. After reaching a high of approximately 14,000 in 2007, values plummeted to about 6,500 in 2009. During the last 24 months, the...
