Pending Sales Index Falls Largely on Mortgage Tightening....

Do not fear friends and neighbors! Yes the indexes are lower, but when you examine the sales decreases--sub prime and jumbo loans, the rest of the market is OK. This means, if you have a job and if you can pay your mortgage, you are OK. According to the National Association of Realtors senior economist, abnormal factors are clouding the horizon. He states, "THERE ARE NO SERIOUS PROBLEMS FOR THE MAJORITY OF BUYERS WHO QUALIFY FOR CONVENTIONAL FINANCING OR FHA-INSURED LOANS."
Don't listen to the gloom and doom of the mass media. Yes, things are tight, but is this the end of the world? No. Have we been in this type of situation before? Yes.
Is competition for goods and services increasing world-wide? Yes. Is this the type of competitive atmosphere that we Americans thrive on? You bet! The best is yet to come!
Stat tuned............

Property Tax Caps are a win-win...........

Indiana is paving the way to stableize property valuation taxation here and in the rest of the U.S. State Legislators have finally listened to the the people and acted on legislation that will put a 1% cap on property taxes based on a property's value. This will keep the homeowner's tax bill reasonable, and it will keep prices from skyrocketing out of control as we have seen happen in California, Florida and other places. It will strike a healthy balance in the real estate market. And as we all know, a healthy balance is a good thing in everything that matters to us from relationships to family, work, etc.
For anyone reading this blog, I applaud you. I encourage you to keep an eye on your county and township spending. There as been too much abuse of fiscal power in these quiet sectors. Did you know that heretofore, townshps have been funded according to what they spend? Never mind if it is responsible spending, just spending. The only fiscal responsibility townships have had to maintain is to continue spending the same yearly amount so that respective budgets would be met plus 3% each year. It's time we all took a good look and follow the money trail. Stay tuned!