The darkest days in the housing industry may soon be behind us. Although the National Association of REALTORS® has reported dismal figures for existing home resale’s for June, July, August and September for this year other figures such as new home and condo sales hint of renewed consumer confidence on the horizon.

With the drop in both interest rates and the median home price nationally it may be time to purchase as the cost of housing is more affordable now than in recent years.

While the sub-prime lending fiasco made great headlines for the liberal press the reality is that it [...] Continue Reading…

As anticipated on September 18th, the Federal Reserve cut interest rates. To the delight of many the expected quarter point reduction was doubled with a half point reduction in the “Prime” rate.

This will give welcomed relief to many homeowners laboring to pay increasing monthly mortgages created by the sub-prime lending debacle. While the decrease in interest rates may not be enough to save all distressed homeowners the fact that the Fed was willing to intervene was more than enough to spark this year’s highest daily gain in the stock market of 335 points.

In an unrelated press conference today President [...] Continue Reading…

Federal Reserve Chairman Ben Bernanke is expected to cut prime interest rates today in an effort to lessen the impact of the credit crunch that was created by the sub-prime mortgage market.

Most economists are predicting a quarter point cut while some economists are asking for a bolder half point slash.

The current 5.25 percent that banks charge other banks has not been cut in over four years.

It is unclear how much this expected cut will help distressed home owners that were caught up in the sub-prime lending schemes that offered teaser rates going into a mortgage that eventually place monthly [...] Continue Reading…

We are proud to report that the 12th Annual Columbia Heart Walk was the most successful Heart Walk that Columbia has had to date and that the All Pro Realty Team was a part of this historic fundraiser.

So far over $88,000 has been collected for the American Heart Association as a result of the Columbia Heart Walk and the money is still coming in.

The All Pro Realty Team fell short of our $500 goal by over $200 but already have plans to better organize next year for this worthy event.

“It was great fun and I am proud to have been [...] Continue Reading…