December 2009

Rates initially rose this week on a stronger-than-expected business inflation report Tuesday, but recovered after the Fed reiterated that they expect weak economic conditions to help keep rates lower for the near term. Rates end this week about the same as last week.

But it should be noted that Bernanke’s Fed is highly market oriented. Their post-meeting statements, like the one they issued Wednesday after their final 2009 policy meeting, don’t indicate this explicitly but the minutes of those meetings do. The minutes are very specific about how market oriented they are, and recent minutes describe how the Fed will look to raise rates by selling mortgage bonds and/or hiking overnight rates when they see more sustained economic improvement and/or

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Reports indicate that the Cleveland Clinic, bouncing back from huge cut backs in 2008-09 are positioning themselves to hire upwards of 1800 employees in 2010.  This could mean wonderful things for Cleveland's real estate growth as well as economy. 

Everyone knows your city is nothing without jobs.  I would look at the areas around University Circle and Midtown to be the main hotspots for development over the next few years.

Buy a home at The 88 with just 3.5% down!

No longer is City Heights the only San Jose High Rise to offer FHA financing on New Condos. You can now purchase a home at The 88 with just 3.5% down thanks to FHA financing!

Without having to save the 20-25% deposit that you would need for a home with traditional loan programs, now is the time to take advantage of hisorically low interest rates along with the FHA program at The 88.

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