Cool refi calculator helps you determine if you should refinance…

Enter your current mortgage rate, how long you plan to live there, etc  and the calculator determines how far interest rates need to fall before you should refinance again.

I have a 4.5% interest rate and I was considering refinancing again to get a 4% rate.  Turns out, bad move.  If you have similar thoughts, I recommend checking out this calculator.  Visit it at

How to spot signs for housing bottom…

Look at the fact that “new construction” is at the lowest in over 50 years. Now, consider that the U.S population rises by 3 million people every year and these people need somewhere to live. Since builders quit building, we are sure to have a shortage of homes in the future. No one can time the exact bottom, but with rates fluctuating between 4-4.5% home prices are looking awfully cheap…

If you want to be a real estate geek like me and read “new construction” reports, knock yourself out.  Check out this article by Chief Economist, Lawrence Yun:

Lowest Housing Starts Since World War II

On September 15, 2011, in Economist Commentaries, by Lawrence Yun, Chief Economist


At the projected 551,000 rate for new housing unit construction this year, it would be the lowest since at least 1945. Data in prior years are a bit sketchy, other than knowing that there was nearly zero construction during the Depression years of the 1930s.

So with population at 312 million in the U.S. today and rising by 3 million each year, housing starts are on track to be lower than when the U.S. population was only half its current size, more than 50 years ago.

The low construction also means that there will be a faster return to a healthier market. Inventory is thinning out. Home prices have shown stabilizing signs.   Low new housing starts will mean even further dents in overall inventory and a better chance for a home price recovery ahead. This time last year, many economists were calling for another major downturn in home prices as the homebuyer tax credit went away. The fact is that home prices will be down only modestly in the low single-digits this year. The very low home construction has helped minimize the home price decline potential.

Now, with housing starts so low, some investors are buying properties before a possible housing shortage develops in the upcoming years. Investors are also buying as a hedge against inflation (since gold, another hedge against inflation, appears very pricey). Both homebuilders and the banks – the providers of construction loans – will soon realize the housing market recovery potential. Therefore, housing starts will rise from 2012 on, to about 600,000 in 2012 and 800,000 in 2013. That pace will still be well below the historical average of 1.5 million housing starts that would be needed each year.

My latest home project…

I can check “build a work shed” off my bucket list. Special thanks to Rob Golder! He is an awesome contractor, but an even better person. He patiently walked me thru every step of the way…

In the end, I must say I have a new respect for the folks who frame homes for a living.

Land for Sale Inside the Beltline

Sold on 9/30/2011

Address: 2107 Bernard Street
List Price: $159,900
Neighborhood: Hi Mount

This is a wonderful situation to tear down a home in the Five Points Area of Raleigh, NC and build new construction. The home sits on a corner lot, which sets up great for a side car garage. This home is not located in a Home Owner’s Association. New homes in Five Points sell from $400,000-700,000.

You can bring your own builder or I can provide you with a list of the best builders in Raleigh and Inside the Beltline. This is a great tear down opportunity in Five Points with so many options to build your dream home Inside the Beltline, Raleigh, NC.

To view all homes Inside the Beltline, visit

Wilson Crow is one of the top selling Realtors in Raleigh, NC. He has specialized in the “Inside the Beltline” properties as well as the greater Raleigh Area for over 10 years.  As a Five Points Realtor, Wilson shows and tracks all of the homes sold in the Five Points Neighborhood in Raleigh, NC.  Feel free to email Wilson questions at or call his cell (919) 810-8665.

Click to get more information about real estate in Raleigh, NC

Should you care that S&P cuts U.S. credit rating?


From what I am reading, S&P’s recent downgrade of the U.S. debt from AAA to AA+ will not lead to higher interest rates…yet. Instead, it is a slap in the politicians’ face.

The S&P lowered the credit rating of the U.S. government debt from AAA to AA+.  This decision appears to be based more on the issues of the Democrats and Republicans being unable to agree on how they should service their debt obligations and less about the U.S. government’s ability to repay its debt. 

What will the S&P downgrade do to housing and the real estate market?  Should we even care about this issue?  This article on Forbes website provides a great explanation.  View article here.

Just read that was valued at 1.6 billion dollars …no typo, “b” for billion. If I only knew back in my school days that I just needed to be right 34% of the time…

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