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Even with low interest rates many families continue to struggle and foreclosure rates continue to remain high.

Duration : 0:2:6

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BOD41. Spruikers saying mortgage rate cuts will spark a housing rebound are marketing. I present tables that show mortgage rate cuts will have little impact on housing affordability.

Duration : 0:4:37

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Market Update with Kenn Renner & Kenton Brown – Austin Home Buyers & Sellers Market

Transcript:
Kenn Renner:
Hi, this is Kenn Renner, real estate broker with Keller Williams and my website http://www.BuyAustin.Com, thank you for visiting. Were going to be sitting here today, talking with Kenton Brown of Sente Mortgage. His website is http://www.MortgagesForAustin.Com and were going to be giving you an update on the current real estate market as well as the mortgage market and talk about our upcoming first time home buying seminar that will be coming up in a few weeks. Kenton, thank you for taking your time.

Kenton Brown:
Thank Kenn. What are you seeing in the Austin market right now in terms of multiple offer situations? I keep hearing about that and multiple properties having multiple offers. What does that mean?

Kenn Renner:
Well, what we see is that it depends on the price point. So the price point, lets say if youre looking at under $150,000 or if they look good and theyre priced where theyre supposed to be then were seeing a lot of activity with multiple offers. This is especially true with properties that are even just 3-5% below market value. Were seeing multiple offer situations and bidding up over the price of the house. Weve had situations where weve gone in for an REO and the property gets bid up over $10,000 more than the asking price on a $132,000 property. We bid $4,000 higher and it went for $132,000 and we didnt get the deal. So I think that us as real estate agents, what we talked about just three or four months ago on our Real Estate and Mortgage Update is that the tide is turning, especially on the low end. That starts the whole entire buying cycle. So I think that we really need to inform people that the buyers market is kind of disappearing and were heading back towards a sellers market, especially on the low end, which trickles up to the higher price range.

Kenton Brown:
So whenever people buy their first home, those people that sold the home to them are moving up and so on and so on. Its just trickling through out the market, which is causing prices of homes to go up and were seeing the beginning of that, which is what youre talking about.

Kenn Renner:
Yeah, I think the low interest rates really spurs things, I think that the implication that its a buyers market has really gotten people out there. But a lot of times when people think its a buyers market, they stay on the fence and they think that there is no urgency. And the first time homebuyer tax credit is another thing that has spurred some sales. But as we talked about in our last meeting, the window of opportunity is starting to disappear. The window on that perfect opportunity that we talked about is starting to close. Just as we said that the tax credit is going to go away at the end of November, the market will shift too. They might extend the tax credit, but you cant depend on that. Actually, if you started to build right now, youre basically not going to have that window of opportunity because it has to actually close before December 1st to get that $8000 tax credit. It is a gift; its a non-repayable gift from the government for $8000. Its amazing that people dont take advantage of it. We also have the interest rates as you know. We talk every day about interest rates, Kenton, and weve seen a bump up from a low of 4.75% to 5.5%. Thats an indication that the market and the economy are getting stronger as the interest rates start jumping up. That puts pressure on people and gets them off the fence. The buyers that would have been buying notice the interest rates are going up and all of the sudden theyre in the market where they werent before, which gets a lot more pressure on the inventory of homes that are available. So the buyers market that we talked about is quickly turning into a sellers market, especially with this low interest rate. So were encouraging first time homebuyers to take advantage of this closing window of opportunity. We talked a little bit about you cant really see the timing when it comes to real estate. You only see the turn, and thats actually when you have to jump in and get in and get our buyers to get off the shelf.

Duration : 0:4:53

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http://www.lowestpymt.com/fha-streamline-refinance.php
Are you getting tons of junk in the mail about your mortgage? This one is what I would consider the most outrageous proposition yet. We’ve been getting mail from these people. Kwe “Clay” Parker has been claiming to lower FHA and VA mortgage payments for FREE.

***Yeah right!***

We had to look further into this and this is what we found. I highly advise that you watch this if you received mail from Kwe about the FHA streamline refinance or the FHA rate reduction program. Free mortgage payment reductions with no requalifying?

Fortunately, we were able to locate one of their recent clients and he was kind enough to spill the beans on this thing. He made it short and to the point. He has a message for anyone remotely thinking about working with the Kwe “Clay” Parker that you’ve gotta hear. Watch the clip for the full scoop.

FYI – in 2009, Kwe “Clay” Parker joined American Bank and has been helping more people, but now in ALL 50 states.

Visit

http://www.SmartHomeBuyingBook.com

http://www.rateguardian.com

http://www.lowestpymt.com/fha-streamline-refinance.php

http://www.thecreditrepairsecrets.com

http://www.thedebteliminationkit.com

http://www.themarketinggenie.net

Duration : 0:1:28

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CANSTAR CANNEX interviewed on ABC news segment on whether to go fixed, or stay with a variable home loan interest rate.

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June 2008
This year, millions of homes in the US will be repossessed. Wall Street was aware of the risks involved with sub-prime lending but chose to ignore them. No ethics, just money- here is a story of greed and recklessness.

In California, the sub prime crisis has hit homeowners full on. Repossessions have become routine and the foreclosure rate is still accelerating. Neat façades and tidy gardens can’t prevent houses being sold for almost half of what they cost a year ago. Pressed for time and money, owners are torn out of their homes: ‘It’s like leaving your children’ says Rob. He is hoping the bank will accept a quick sale and forgive the loss, but this is unlikely. Most are made to wait until they default on repayment, which wrecks their credit record. Former bankers reveal how low interest rates were meant to boost the economy. Banks looked for ways to make profit despite low rates and chased high-risk mortgages that would pay 8 or 9%, ignoring the consequences for borrowers if prices fell and interest rates rose again: ‘There’s no perception of the guy in some tiny little house in Detroit or in Philadelphia or in Stockton who basically might be losing their home.’ Now that the system has failed, banks are less ready to lend money and this impacts on the entire economy. Families lose their homes, businesses fail…Wall Street gambled and the world has to pay.

Produced by SBS/Dateline
Distributed by Journeyman Pictures

Duration : 0:23:33

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Today’s low home prices, the large inventory of homes for sale, low interest rates and beneficial government programs, have made this time one of the best ever to purchase a home. NeighborWorks America Senior Homeownership Specialist Milt Sharp Jr. provides guidance to those wondering if this is a good time to buy.

Duration : 0:3:38

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37 week update

My latest ultrasound showed that the baby was more than 7lbs already

homebirth preparation list: still need to buy a blow up pool from Canadian Tire. I want to get one with fish on it

drug free birth: over 95% of first time mom use medication and epidural for pain control

cesarean rates: 25-30% in Ontario. it also depends on the doctor and hospital you are at.

last video comments: if you have never experienced or been to a home birth then you should. It was probably one of the most moving moments I’ve ever seen

Pregnacy is not an illness so it is not neccessary to go to a hospital. Midwives believe childbirth is a natural process and it is women supporting women.

“One third of all first-time cesareans are performed due to active-phase arrest during labor, which contributes to approximately 400,000 surgical births per year,” said Caughey, who is affiliated with the UCSF National Center of Excellence in Women’s Health. “In our study, we found that just by being patient, one third of those women could have avoided the more dangerous and costly surgical approach.”

The cesarean delivery rate reached an all-time high in 2006 of 31.1 percent of all deliveries, according to the UCSF study. Arrest in the active phase of labor has been previously shown to raise the risk of cesarean delivery between four- and six-fold.

“Cesarean delivery is associated with significantly increased risk of maternal hemorrhage, requiring a blood transfusion, and postpartum infection,” Caughey said. “After a cesarean, women also have a higher risk in future pregnancies of experiencing abnormal placental location, surgical complications, and uterine rupture.”

Duration : 0:5:30

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The McDonald family from Texas recently relocated with Quicken Loans Relocation program. They had a smooth move and transition, thanks to Quicken Loans and Dana Staniec, their mortgage banker.

They closed in much less time than they thought it would take and they had all questions answered and everything with their mortgage worked out.

They were very impressed with Quicken Loans customer service and recommend Quicken Loans to everyone they know.

Read more reviews of real Quicken Loans clients at http://www.quickenloansreviews.com and learn more about Quicken Loans Relocation http://relocation.quickenloans.com

Duration : 0:2:23

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Daniel Estulin talking about Bilderbergers blowing out the housing market during the 2006 meeting.

American Free Press – Big Surprises at Bilderberg
By James P. Tucker Jr.
19th June 2006

http://www.americanfreepress.net/html/big_surprises_at_bilderberg.html

Bilderberg expects interest rates to rise and many Americans to lose their homes in the months ahead. Meanwhile, they hope they can pressure President Bush to refrain from an all-out invasion of Iran while maintaining oil prices at their current record-high levels of about $70 a barrel.

Timothy Geithner, president of the Federal Reserve Bank of New York, predicted rising interest rates and difficulties for families that have obtained adjustable rate mortgages, or variable interest rates. Many are likely to lose their homes as rising home mortgage rates add hundreds of dollars to their monthly payments, he said. While most listened solemnly and some expressed concern, one was heard to say, stupid Americans deserve their fate. [cont]

The Obama Deception

http://www.obamadeception.net/

http://www.youtube.com/watch?v=eAaQNACwaLw

Duration : 0:1:19

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