John Jacobus's (johnjacobus) Blog

Interest rates just keep getting better.  About 6 months ago I had forecast 7% rates by Christmas.  I'm pleased to say...I was wrong.  I may have missed the timing, but I'm still forecasting rates climbing in the not too distant future.  If you are planning on buying, selling or refinancing now i...

Had several clients ask this same question this week.  QUESTION:  How will the new extended and expanded stimulus affect real estate? ANSWER: First, let me reiterate that the $8000 tax credit for first time buyers and the new $6500 tax credit (if you have owned for 5 years) has been approved thro...

Recessions are inherently unfair.  The people most affected are the very ones who have always pulled us out of recessions.  Private industry.  Recessions would be shorter and easier to weather if everyone participated, however most public employees and unionized workers are not allowed (or forced...