Bernake Announces Steps to Shake Economy
March 20, 2009
When is this going to end? Glenn Beck from Fox news said recently that this is not an economic crisis. He said it is a confidence crisis. What is it going to take to get back on track. This article states that the recent loans issued are half refinances and half purchases. However, the confidence to absorb the massive amount of inventory is at a low on top of the higher unemployment. Foreclosures are only going to increase in the next year especially here in Miami.
Map of States in Recession compared to last year
October 24, 2008
This video shows a map of the 27 states that are in recession right now. 6-9 months ago there were only 5, of which Florida was one of them. According to the National Association of Business Economics, housing prices in the real estate market will bottom mid 2009.
Blanca has 24 years of Real Estate expertise in the Miami area. She is a certified Luxury Home Specialist. Because of current market conditions, she has acquired additional certifications as an REO Specialist(RDC Pro) and Certified Foreclosure Prevention Specialist(CREO). Her education of a Bachelors in Finance/International Business gives her an edge in assisting buyers & sellers in today's market. She is passionate about living in Miami, her home town since childhood. 