Up, Down, Up, Down Interest Rate- So. Cal.

 

Here are some key interest rate change indicators for your information. 

For current listing or current solds in your area – we invite to visit our website at

www.WeSpeakRealEstate.com. 

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Things that may raise interest rates.

 

Consumer Price Index Rises

Indicates rising inflation.

 

Durable Goods Orders Rise

Pickup in business activity usually leads to increased credit demand.

 

Housing Starts Rise

Shows growth in economy and increased credit demand. Fed tightens money supply by

raising rates.

 

Leading Indicators Up

Signals strength in the economy leading to greater credit demand.

 

Personal Income Rises

The higher one’s income, the more consumed, prompting higher prices of debt securities.

 

Producer Price Index Rises

Indicates rising inflation. Demand for, and prices of, goods rises.

 

Retail Sales Fall

Indicates stronger economic growth. Fed may tighten money supply.

 

What will lower interest rates?

hat May Raise Interest Rates

Gross National Product Falls

Reflect a slowing national economy. Fed loosens money supply by lowering rates.

 

Industrial Production Falls

Indicates slowing economic growth. Fed loosens money supply by lowering rates.

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Inventories Up

Indicates a slowing economy since sales are not keeping up with production.

 

Oil Prices Fall

Reduces upward pressure on interest rates, thereby enhancing prices of debt securities.

 

Precious Metal Prices Fall

Reflects decreased inflation. Demand for inflation hedges falls.

 

Unemployment Rises

Indicates stronger economic growth. Fed may tighten money supply.

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got equity?

It is a long term commitment when it comes to owning a property.

 Yes, prices go up and down. But you must remember the history of real estate,

the longer you stay in it, the better the return.

By: wespeakrealestate

What is Proposition 8?

Thanks to you California Voter’s Proposition 8 was passed in 1978: A constitutional amendment that allows a temporary reduction in assessed value when a property suffers a “decline-in-value.” (To read the law associated with Proposition eight, Revenue and Taxation Code, Section 51- at     www.boetaxes.ca.gov/property

It is when the current market value of your property is less than the current assessed value.

Help is here.

The Los Angeles County Assessors is applying Proposition eight for property owner whom purchased their home between July 1, 2005 and June 30, 2007. They will look at sales of comparable properties that sold near the lien date of January 1, 2008.

You must file a claim form for a Decline-in-Value Reassessment Application (Prop. eight) with the Assessor between January 1 and December 31 for the fiscal year beginning on July 1. If December 31 falls on a Saturday, Sunday or legal holiday, an application is valid if either files or mail and postmarked by the next business day. For questions and forms please write the following information:

The assessor office Online:  www.assessor.lacounty.gov
Email: helpdesk@assessor.lacounty.gov
Phone Call: (213) 974-3211

Office will complete this review by June 1, 2008 and will modify in writing those property owners who qualify for the reduction.

If the sale date is not with in the dates noted or is other than a single home or condominium, it will not be included in the review. But if you believe the assessed vale of the property shown on the 2007-08 tax bill is more than the fair market value as of the 1st of January 2008, you may file an application at the time through the 31st of December 2008.