I am a seller...
Yesterday I used the strength in the DOW (the pop up across 8,700) to sell a lot of holdings. Now, I am not necessarially thinking that we are going to immediately tank again...but...we are buying a home and need to put some money into a safe place to ensure stability (for that brand spanking new 30 year fixed super-conforming mortgage at 4.8125%).
Since there still seems to be a lot of mixed data out there...both in the financial markets (still alot of bankrupcies of big companies / oil back at $68 / layoffs) as well as on the world stage (Iran vs. Israel / North Korea blowing things up) ... things just are not stable enough for backing a pending home sale. I understand that home sales appear to be shoring up...great...but at what price. Having personally just gone through the process...it sure still feels like a buyers market. This is the spring...historically the time when people HAVE to move due to kids in school. I am betting that this blip of inproved sales is just that...a blip. A combination of really low prices and the need for some movement. Things will not be so rosy in real estat in the fall.
Sorry about the delays but an international relocation with 3 kids is just about all I can cope with at the moment.
No comments:
Post a Comment