Friday, March 20, 2009
mortgage rate drop...
You probably aren't reading this here first but mortgage rates are down to 4.5% for a 30-year fixed rate loan. Incredible...rates haven't been this low since the 1940s and my local sources tell me that they should stay this low for at least 6 months. Combined with the first-time home buyer tax credit, this is great news for those both on the fence about making a first purchase and for those that currently own a home in the price range that would appeal to first-time buyers. Finally, the time to sell may be back upon us!
Wednesday, March 11, 2009
A little optimism...
The following excerpt came from a newsletter I receive weekly from Bluegrass Mortgage. I thought this was worth passing along to share...
A Simple Business Lesson
This newsletter focuses on real estate and mortgage lending, and both are businesses. For anyone interested in learning a few valuable and applicable business lessons, consider reading Warren Buffett's annual letter to Berkshire Hathaway shareholders (free to everyone at berkshirehathaway.com), which was released last week. Berkshire has businesses in many sectors of the economy (including housing and lending), so Mr. Buffett has a lot to say. More important, what he says is said in witty, insightful prose that anyone – business oriented or not – can understand.
Mr. Buffett has rarely been wrong with his longer-term prognostications, so it is worth noting that he, like us, remains an optimist. “ America has had no shortage of challenges,” he says. “Without fail, however, we’ve overcome them.... Though the path has not been smooth, our economic system has worked extraordinarily well over time. It has unleashed human potential as no other system has, and it will continue to do so. America ’s best days lie ahead.” It might be hard to fathom at this moment, but Mr. Buffett will be proven right, and he'll be proven right because of all of us working to make it right.
A Simple Business Lesson
This newsletter focuses on real estate and mortgage lending, and both are businesses. For anyone interested in learning a few valuable and applicable business lessons, consider reading Warren Buffett's annual letter to Berkshire Hathaway shareholders (free to everyone at berkshirehathaway.com), which was released last week. Berkshire has businesses in many sectors of the economy (including housing and lending), so Mr. Buffett has a lot to say. More important, what he says is said in witty, insightful prose that anyone – business oriented or not – can understand.
Mr. Buffett has rarely been wrong with his longer-term prognostications, so it is worth noting that he, like us, remains an optimist. “ America has had no shortage of challenges,” he says. “Without fail, however, we’ve overcome them.... Though the path has not been smooth, our economic system has worked extraordinarily well over time. It has unleashed human potential as no other system has, and it will continue to do so. America ’s best days lie ahead.” It might be hard to fathom at this moment, but Mr. Buffett will be proven right, and he'll be proven right because of all of us working to make it right.
Tuesday, March 3, 2009
344 Madison Place -- Open Sunday 2-4
Sunday from 2-4, I'll be enjoying myself at 344 Madison Place! One of my favorite Lexington homes which I'm so proud to have listed. Not only is it in one of my favorite downtown areas -- Historic Woodward Heights -- it has one of my favorite kitchens, favorite baths and simply the best porch and deck for entertaining. The stunning millwork in the formal dining room is absolutely amazing.
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