Have an ARM?

Loved this post from CNN-Money about whether or not you should refinance your ARM. There are good times to make a decision to do that and get with a fixed rate mortgage and conventional wisdom will tell you that you SHOULD go with the stability a fixed rate mortgage offers you. But sometimes its best to wait and that is what I really liked in this article. Everyone's circumstances are different and its not a good idea to assume you should switch. Take a look at where you are, what your terms are, what you might be looking to do in the next 3-10 years, assess your job situation and your children's needs. THEN you are in a better position to make a call on whether or not to refinance.

And when you do - give me a buzz so I can help you find a GREAT mortgage lender!

Really - Still waiting for prices to fall in Sarasota?

Please watch this from MSNBC's Today Show! Sarasota is the #1 place in the country to be buying a home RIGHT NOW!

Visit msnbc.com for Breaking News, World News, and News about the Economy

Buying Up The Market

I just simply do not care what people say about the next "foreclosure wave". I think its not going to look like bargain hunters hope it will look like. I am of the opinion that if lenders truly are holding onto a "shadow inventory" (see Wall St. Journal for a series of articles on that) then they are going to be strategic about releasing them and not flood the market which is what it would take to drive prices down with any significance.

So what does the "new" market look like. It looks like this. Properties that are truly distressed and the big bargains are snapped up fast. Cash investors are grabbing them before they hit the market or multiple offers are common. When people are buying and pendings are up - we are getting back to normal and that's just hard data.

So count me happy to see people buying!