Are you ready?
The market is about to make a significant turn. The disappearance of the housing stimulus is literally two months away. As those evaporate the Fed is also scheduled to end the purchasing of mortgage backed securities on 3/30. We’ve spent the last year plus in housing stimulation mode and all of that’s about to end. Higher mortgage rates, fewer buyers and more aggressive positioning will be essential to encourage buyers and sellers to get in or get out.
How many of us will be ready to adopt that mindset? For consumers and practitioners alike, understanding the upcoming change will be critical for success through the rest of 2010.