Jack's New Hampshire Real Estate Blog

My new website and Blog
September 30th, 2008 4:17 PM

I am excited to announce my new website and blog.  The purpose my blog is to share my experience and real estate market information with my friends, clients and the public.  The market and overall economy is going though a difficult time right now which is making real estate a volatile endeavor.  Real estate is ALWAYS a good investment if bought right and for the right reasons.  Conversely, real estate is a BAD investment if bought wrong and for the wrong reason.  Be comforted in knowing that my very unique skills and experiences I will share with you, will make purchasing a home or investment property in this market a sound investment.  Check back regularly as I develop my site and update my blog. 

Thanks for reading.  If you have ANY questions on the following matters, give me a shout in the "Ask Jack" section (real estate, appraisal, buying, selling, facing foreclosure, repairing credit, negotiating bank workouts, short sales, real estate investing, property management, rehabbing houses, renting an apartment, mortgage financing, earning extra money, staging your house and much, much more)


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Posted by Jack Lavoie on September 30th, 2008 4:17 PMPost a Comment

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I WOULD LIKE TO ASK IF YOU COULD PERHAPS BROADEN YOUR COMMENTS ABOUT THE ECONOMY AND DISCUSS WHAT YOU FEEL A BAILOUT WOULD DO TO THE HOUSING MARKET AT THIS STAGE OF THE GAME...

Posted by linda levasseur on September 30th, 2008 5:30 PM
The state of the economy and the circumstances surrounding the need for the bailout has been building for a long time. I am not the expert on the solution, but I think I can speak in terms of what can/will happen as a result of a plan (or a lack of one). First of all, in every transaction, there is price and terms. Mortgage rates and availability is part of what I mean as "terms". If money is "tight", rates will have to rise over the long term and the amount of mortgage homeowners can afford will be lower. The lower the amount they can afford for a mortgage equals lower prices they will pay. Also, if people cannot refinance due to tight credit, more families will lose their home which will add more distressed property to the market. This extra supply, combined with diminished buyer purchasing power could put more downward pressure on pricing. How they "fix" the market is debateable, but the need to do someone this not (debateable). While us in the real estate industry see the problem through our eyes (less sales, tougher transactions etc), it important to realize that a tough real estate market affects EVERYONE. It affects the contractor, suppliers, manufacturing, insurance companies, banks..EVERYONE! Lets hope that for once, Washington can put politics aside and pass some sensible, effective legislation.

Posted by Jack Lavoie on September 30th, 2008 5:53 PM

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