ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/05/2011
Your FREE ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN BIRMINGHAM AL – 09/05/2011 list has been posted.
These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes
are ripe for the picking. Don’t Let them pass you by. ACT NOW!!
I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.
The “Great Recession” has not followed any prior overall pattern, and this week’s data confirms its unique path — and that it never ended.
We are not re-entering a classic recession. The Institute for Supply Management manufacturing survey is still positive, at 50.6 in August just barely so. August sales of cars did just fine, near 12 million annualized, which is 7 percent above a year ago and roughly the same as July.
August employment numbers were flat, but we have no new wave of layoffs. New claims for unemployment insurance have been stuck near 400,000 weekly for a year. If your job is in technology, health care, most government, export trade, auto manufacturing, or other manufacturing with globally competitive wages and productivity, you’re fine. Maybe you’re even buying a car.
If you’re in direct competition with global wages, or provide services to those people, you’re in a hole with no ladder. We can stumble forward this way, even if U.S. gross domestic product dips to negative occasionally. The limit: We cannot generate enough tax revenue to run the show, and deficits will kill us.
In other news, Mortgage rates remained at or near historic lows this week on continued weak economic and housing data, Freddie Mac said in releasing the results of its Primary Mortgage Market Survey.
A separate survey by the Mortgage Bankers Association showed low rates aren’t getting buyers off the fence, with demand for purchase loans remaining near 15-year lows last week.
Freddie Mac’s survey showed rates on 30-year fixed-rate mortgages averaged 4.22 percent with an average 0.7 point for the week ending Sept. 1, unchanged from last week but well below the 2011 high of 5.05 percent seen in February. The average for a 30-year fixed-rate mortgage hit an all-time low, in records dating to 1971, of 4.15 percent during the week ending Aug. 18.