Showing posts with label shills. Show all posts
Showing posts with label shills. Show all posts

Sunday, March 11, 2007

It's a perfect time to buy!

I have to give the folks at Sacramento Land(ing) credit for digging up this research nugget posted on March 3rd from Jimmy Castro, Team Leader/Owner (and Snake Oil Salesman for the Re/Max Gold in Sacramento).


Here are a few choice quotes from the article:

JC & Associates with RE/MAX Gold keeps its fingers on the market's pulse-and its latest assessment gives the 2007 market a big thumbs up. JC & Associates, in fact, sees current conditions as "virtually ideal" for buying now.
In addition, there is an unprecedented array of low-rate mortgages available to finance a home purchase, including loan programs that require no down payment. The market climate for finding and affording that dream home may never again be this favorable.
Not only have prices stabilized at attractive levels... (with this chart at the top of the article)


Real estate activity has picked up in the last few months and we expect the pace of home sales to quicken even more as the traditionally busy spring market gains steam. Given this uptick in activity, making a home purchase sooner in 2007 rather than later may well prove to be the savviest financial move you could make this year.

Honestly, I could have put up the entire article as it is filled with these senseless quotes. Somehow having a real estate license allows people to start proclaiming they are experts.

Jimmy may want to revise his article since many of the sub-prime lenders are going kaput and the major mortgage originators are becoming more selective in their loan approvals by reducing/eliminating 100% LTV (loan-to-value) financing, piggyback 2nd mortgages, and many of the loans classisfied as sub-prime.