The Federal Reserve’s (Fed) final meeting of the year, and its effort to boost economic growth and employment, is coming up in about a week. With only five more days until the end of the year, the Fed has not yet finalized a decision on interest rates.
It is important to keep this in mind as the next move is likely to make or break the housing market and financial markets in the United States. Forecast: The Fed Boosts Liquidity, Expects to Slash Rates Again Next Week, by Brett Gordon, is licensed under CC BY-SA.
You need to look at this with the eyes of a buyer. This means you need to be alert for any changes in the housing sector. However, before you go into the markets, you need to have an idea of what is happening in the economy.
You need to understand that the U.S. economy continues to slow down in some areas. The housing sector, however, has been hit hard by the recession. Therefore, the timing could be right for a price correction and a huge correction.
The key is to get a feel for where the housing market is, before you actually start to get prepared to buy. If you are looking for a low closing price, then you need to look at all of the price analysis available. If you want to know where prices are headed, then you need to gather more information than just the numbers.
There is going to be a lot of action around the housing sector. In particular, you need to watch the NAR housing index. It measures the number of homes that have been sold during the past month and shows you how many houses are in the pipeline.
This can indicate an exciting buying opportunity for a homeowner. However, it is important to note that these numbers are seasonal. They may be slow in the winter but pick up in the spring.
One thing you need to look for is new sales of homes and home equity loans. Mortgage rates will likely remain low because the Fed wants to discourage people from taking out loans to buy homes. Therefore, it is possible that the lenders are already lowering their rates.
Forex traders who are selling a home should watch this as well. These home sales are typically lower than mortgage sales. It also doesn’t hurt to watch foreclosure listings.
Foreclosures are usually showing strong numbers, because the owners cannot afford to pay their mortgages. The homeowner can then seek assistance from the government. Sometimes, the government will purchase the home and put it on the market.
But the best way to find foreclosures is to work with real estate agents. If they see homes that don’t sell for whatever reason, they will know about it. Foreclosures can occur at any time, so it is important to follow foreclosures closely.
As stated above, foreclosures are listed in two ways, by the mortgage company and the government. If you want to see foreclosures, contact a real estate agent.