Interest Rates at All Time Low

Interest rates are at their lowest since the 1960s and home prices in some areas are at 2003-2004 levels. Add to that recent declines in energy and gas prices and lower consumer interest rates, and you have a great holiday recipe.

If you are considering moving up or buying your dream home, now is the time to make a move and trade in your equity. It is also a good idea to turn your current home into a rental or buy an investment property.

The market is great!!

How I Would Change the Economy

If I had a say in fixing our current economy, I would first take all the homeowners that were going into foreclosure and move the amount owed to the back of the loan. Then, I would give them a 90 day break from making further payments. They are not going to make the payments for the next 90 days anyways nor will a closing take place to give the bank any additional money. At the end of the 90 days, they would begin making the payment based on current interest rates with a good credit rating to give them a fresh start. If they can not get it right after these changes, then foreclose on the property with a short notice.

The banks are getting bailed out to cover these changes. Let's help the people that need the result of the bailout, so we can get the economy moving again.

Also note, that the media is the main cause of the economy issues in the Dallas market. So, keep moving forward with buying, so we can keep our local economy strong.