Wednesday, December 18, 2013

Fed Taper Signals UP cycle in Real Estate Industry.. Go Economy

While many have made their lists and have checked them twice, my list has had only one item for 2013.  Please let the Fed Start the Taper.......  Today is the day!

Why?  Because a steeper yield curve is required to send the economy into the next phase of the recovery.  Call it Consumer Confidence, Higher Employment, Wealth Effect, Pent up demand; does not matter what label you use the correlation of all the labels creates the next expansion phase of the recovery.  History has proven this relationship over and over.  So buckle up for the next five years and lock em when you have an approval.

Consumers looking for a home don't worry about higher rates because rates, appreciation, and wages are all relative and generally rise together nullifying any dislocation in value.  Buying a home is one of the best investments you can make both financially and in your family.

Cal Haupt
Chief Executive Officer
Southeast Mortgage of Georgia, Inc.

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