Lake of the Ozarks Real Estate

2011-08-17T06:17:00.001-07:00

The Economy: Why All the Panic?

by The KCM Crew on August 17, 2011 · 0 comments

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For the last couple of weeks, all we have heard is how bad the current economic situation is. The markets are going to crash and interest rates are going to skyrocket. Panic has definitely engulfed the entire country.
Consumer confidence, as measured by the University of Michigan’s Consumer Sentiment Survey, has fallen to a number not seen in thirty years. This panic has actually had a negative impact on the economy.
It was said best by Mark Zandi, chief economist at Moody’s Economy:

“Confidence normally reflects economic conditions; it doesn’t shape them…
Yet at times, particularly during economic turning points, cause and effect can shift. Sentiment can be so harmed that businesses, consumers and investors freeze up, turning a gloomy outlook into a self-fulfilling prophecy. This is one of those times.”

What does the data actually show?

We decided to look at certain economic indicators and compare them to the numbers from a year ago. Here is what we found:

We are not making the argument that the current numbers are worth celebrating. We are only suggesting that the sky is not falling.

Bottom Line

Conditions aren’t as dire as some are professing. Make good sound financial decisions based on your own economic conditions. There is no need to panic.

2011-08-11T14:44:00.000-07:00

What If You Could Buy Shoes…?

by Dean Hartman on August 11, 2011 ·

What if there was a shoe store that had:

An unparalleled selection of shoes of every size, color, and price range
The shoes were discounted 30% or more
You had a credit card that would finance the shoes for 30 years at 4.5%

How many shoes would you buy? My bet is there would be a line around the block. Well, today, real estate is like that shoe store (incredible selection, terrific bargains and excellent financing terms). But there’s more….

Shoes go in and out of style. Homeownership is still the American Dream.
Shoes are worth less once you wear them. Homes will appreciate in value over time.
Shoes get disposed of. Homes are lasting.

And while many can recount memories created in certain shoes, everyone can remember their first home, their first family gathering, the countless holidays shared. There is also the ability to decorate to your tastes, the stability (and lower crime rate) in homeownership neighborhoods and the higher level of education achieved by kids who grow up there.
If you’d stand in line to buy shoes, what’s stopping you from exploring a home? Despite some media perceptions, there is mortgage money available with reasonable down payment requirements at extremely low rates…talk to a loan officer. There are some great deals out there with short sales, foreclosures and regular transactions also!
Happy Shopping!

More Disclosures on the Way to “Help” the Consumer

2011-08-05T09:17:00.000-07:00

More Disclosures on the Way to “Help” the Consumer

2011-08-01T11:15:00.001-07:00

- The KCM Blog - http://kcmblog.com -

Tick…Tick…Tick…

Posted By The KCM Crew On August 1, 2011 @ 7:00 am In For Buyers,For Sellers | No Comments

We are dedicated to bringing you the most current and important housing news each and every day. We don’t get involved with the ’what ifs’ of politics. The current debate in Washington has caused a paralysis in consumers, caused by uncertainty. People just can’t be sure what is coming next. As always, we will work hard to bring clarity to the confusion. We will share the best information we can find as this situation evolves. – The KCM Crew

As we went to sleep on July 31st – President Barack Obama and congressional leaders reached agreement Sunday on a legislative package that would extend the federal debt ceiling. The proposed deal still requires congressional approval.

Article printed from The KCM Blog: http://kcmblog.com
URL to article: http://kcmblog.com/2011/08/01/tick-tick-tick/

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2009-07-15T15:18:00.000-07:00

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