Mortgage applications fall almost 10%, and prices weaken.
We should not be surprised by this development.
skip to main |
skip to sidebar
Posts
Posts
Click the cover for more info.
Notes for trust officers, private bankers and others concerned with estate and trust planning, from a Merrill Anderson Senior Editor and his retired mentor.
Copyright 2005-2022 M.A. Co. Powered by Blogger.
Subscribe To
Posts
Posts
Now available: Our monthly Trust & Investment Newsletter
Click the cover for more info.
For direct inquiries:
Labels
- Investing (196)
- estate tax (148)
- income tax (114)
- estate planning (108)
- wills (104)
- trust ads (94)
- investment management (68)
- nest eggs (58)
- art (55)
- hedge funds (45)
- Madoff (43)
- trusts (41)
- Astor (39)
- wealth (39)
- retirement (37)
- stock market (37)
- brokers (31)
- inheritance (27)
- endowments (26)
- fiduciaries (22)
- Ponzi (21)
- executors (20)
- millionaires (19)
- philanthropy (19)
- gift tax (18)
- Apple (17)
- Wall Street (16)
- collectibles (16)
- alternative investments (15)
- dynasty trusts (15)
- estates (15)
- Helmsley (14)
- living trusts (14)
- brokerage (13)
- Bayou (12)
- investment performance (11)
Search Trust and Wealth Management Marketing
Blog Archive
-
▼
2010
(368)
-
▼
May
(22)
- Real tax burdens
- What’s More Important Than Investment Performance?
- Beautiful, Beautiful Tax Havens
- The Nesting Instinct in Trust Advertising
- ABC on Estate Planning
- When the Financial World Shrank
- Stalled
- One State's Estate-Tax Quandary
- A very inconvenient truth
- I may need a new approach to headlines
- Fraud Alert
- What happens when a home-buyer tax credit expires?
- A Bad News, Good News Tax Bill?
- Michael Crichton‘s Last Best Seller?
- Estate taxes on TV
- Estate Tax: Pay Now, Die Later?
- “Complexities?” Bad! “Simple and Secure?” Good!
- A Classic Ad from 1985
- Continuing Education
- New date for federal estate tax reform: June
- Trust industry is booming
- Can You Create a Halo?
-
▼
May
(22)
Senior GO TO Guide • BLOG
Popular Posts
-
During the middle third of the Twentieth Century, at this time of year Coca Cola virtually appropriated Santa Claus. This ad, from 1963, fea... -
Fifty years ago Norman Dacey, a Connecticut financial planner, shook the estate planning world by publishing How to Avoid Probate . Livin... -
Cyber Monday! You just bought a huge, name brand LED TV for $999! Would you have paid $1,130? Would you have been happier to pay $1,130 if...
-
Baylor scores high for endowment returns, according to the Wall Street Journal . But why are these multibillion dollar funds tax free, and m...
-
Researchers at Berkeley find that the rich don't like eye contact. Why so snooty? Robert Frank in The Wealth Report offers a plausible ...
2 comments:
Realtors told us home shoppers were rushing to seal deals in order to grab the tax credit before it expires. No surprise that sales would slow briefly thereafter.
At worst, sellers will have to ask, say, $340,000 instead of $350,000 to compensate for the expired tax credit. But in your market area, coastal Connecticut, that probably won't be necessary. Sales have stabilized, according to the CT Post. And along Connecticut's Gold Coast (e.g., Greenwich) sales are once again "on fire."
Low mortgage rates and lots of money still sloshing around are fueling the fire. A rise in interest rates would worry realtors a lot more than loss of the tax credit.
Lots of for sale signs in my part of Connecticut, including for sale by owner. I think you are painting an overly rosy scenario. Prices may have bottomed in a few markets, but around the country we have a ways yet to go.
Post a Comment