Bailout Bill a Bust

Not sure where to start this post…  The Dow Jones closed down 7% for the day and both the Nasdaq and S&P 500 both down right around 9%.  All of this due in large part to the negative vote the $700B emergency rescue package received today in the house.  This is the article from the [...]

Home Values in Jacksonville, FL for September ‘08

As mentioned in previous posts, one of the key factors influencing the value of real estate is the level of inventory in a given market.  Inventory shows us how supply and demand is changing at different times and what affect that is having on values.
According to a recent article on the FAR website home values [...]

The Bailout Bill

Hard to keep up with all of the news that’s been happening in finance and economics of recent.  This is the kind of stuff that will be written and talked about for years to come.  Just wanted to talk briefly about the upcoming bill that is going to be passed by President Bush and Congress [...]

401k/IRA rollover

So I have been presented with a financial quandary of recent… I have an old 401k from a previous employer and a Roth IRA that I’ve moved to the same brokerage company. Whether or not to roll the 401k (now acting as a traditional IRA) into the Roth is the question.
I haven’t sought [...]

Fannie mae and Freddie Mac Bail Out

Was speaking with a friend of mine who’s also a mortgage originator for Wachovia.  He had a customer who had 1 day prior been approved for a 30 year fixed rate loan @ 6.25% (give or take) and then after the Fannie/Freddie bail-out this same customer’s rate dropped over 3/8 of a point.  
Currently, this [...]

Real Estate and Capital Gains Tax Rates

I’ve been involved recently with a couple of sellers who are trying to determine whether or not they should go ahead and sell now, in a market that is 15-20% off in their respective neighborhoods, or wait it out and sell in a few years.  I know this is an issue that many sellers (with [...]