Tuesday, August 28, 2007

Numbers Due Out This Week

Monday: Existing Home Sales for July at 10:00 ET, expected 5.70 million, June 5.75 million.

Tuesday: Conference Board Consumer Confidence for August at 10:00 ET, July 112.6

Thursday: 2nd quarter preliminary GDP (second release) at 8:30 ET, prior (adcanced) +3.4%.

Friday: Personal Income for July at 8:30 ET, June +0.4%. Personal Expenditure for July at 8:30 ET, June +0.1%. PCE Core Chain Weight Price Index for July at 8:30 ET, June +0.1%. Chicago Purchasers Index for August at 9:45 ET, expected 53.0, July 53.4. University of Michigan Consumer Sentiment for August at 10:00 ET, expected 82.5, July 83.3. Factory Orders for August at 10:00 ET, July +0.6%.

What do you think? Will Bernarke and his committe lower the Fed Fund Rate? The next scheduled meeting is September 18. Did you know the Federal Reserve Board meets at least 8 times each year? Ok, True or False: When the Fed raises rates, long-term mortgage rates follow by also moving up.
False. Mortgage rates rise and fall in response to many economic factors, of which Fed rate policy is just one.

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Monday, August 27, 2007

There's no place like HOME!

Those of us who live in Ventura and travel away from Ventura know a sinple truth: There is no place like home! I traveled to the Baltimore area this week: they have 100 degree weather, 100% plus humitity, thunder and lightening storms, it's muggy (but the area is very green - that is not like Ventura!). It is beautiful in Baltimore, but very hot and very muggy. There truely is no place like Ventura!



Saturday, August 25, 2007

OPEN HOUSE August 26 1-4 P.M.


Open House....Sunday, Aug. 26 1-4 p.m.

Unbelievable Price!!! Seller wants it sold!

Come by and see this gorgeous 1444 Sq. Ft. Townhome. Private Garage. Spacious. Immaculate, ready for Occupancy! Private Patio and Park like Setting....

View more information on this by visiting my website at:

http://www.janiscalkins.com/Ventura_CA_listings/07215028-F98A-8A31-1CD2D288B969CF96.shtml or Call Janis Calkins at (805) 218-7016 for more information

Saturday, August 18, 2007

Ventura Agents Raise Money for Foster Kids!

Friday, August 17, 2007

Manufactured Homes alternative to Stick-built homes.

Hi Ventura! My name is Lorraine and I sell manufactured homes and mobile homes. They are a good alternative to stick-built homes in Ventura since they are still affordable IF you have at least a 5% down payment. They look very much like a stick-built home now - vaulted ceilings, jacuzzi tubs, islands in the kitchens, all the bells and whistles. But the older ones still look like mobile homes (unless someone has fixed it up).

Can't afford a stick-built home but have $20,000 down? I'll bet I can get you into a mobile home or a manufactured home. Look at my web site - LorraineBurns.com. It talks about the mobile home parks in Ventura County. If you have questions, shoot me an email at Lorraine@LorraineBurns.com.

Fed Cuts Discount Rate

The Fed cut the discount rate by half a point to 5.75%, declaring "downside risks" to the economy have increased. Ya think?

However, the central bank did not change its target for the federal funds rate, which has remained at 5.25 percent for over a year. Fox news reports, "Many strategists believes the market won't settle down until the Fed lowers the fed funds rate — the rate banks charge each other on overnight loans. The discount rate only covers loans the Fed makes to banks."

Whatcha think Benny?

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Wednesday, August 08, 2007

Fed Leaves Rates Alone

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. See the statement here. I'm sure a few of you out there might have some comments on this. We'd love to hear from you.

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Monday, August 06, 2007

Staging Tips from Lowes

  1. First impressions count. Roll out the red carpet for potential homebuyers by sprucing up your entryways, especially the one on a lockbox. Welcome mats, planters filled with seasonal flowers, and clutter-free foyers and hallways set the stage.

  2. Sell the space, not your stuff. Remember that the goal of a successful showing is to make a prospect feel at home – like it’s theirs, not yours. Put away your extensive personal collections. Less is more: open up your space so prospects can actually see what they’re buying.

  3. Paint and elbow grease work wonders. Fresh paint
    and a thorough cleaning will give you the greatest
    “bang for your buck.” Remember that neutral walls
    are your best bet when staging a home for sale.
    Lowe’s has all the right shades to make your home
    more inviting. Check out lowes.com for fun tools like
    the Paint Visualizer http://www.valsparatlowes.com/

  4. Go with the flow. Arrange furniture for easy traffic
    flow. Consider placing a major piece of furniture at an
    angle, such as a couch or desk. Angles add interest
    and can create a more open feel.

  5. See the light. Move lamps to dark corners and
    arrange window treatments so that natural light
    floods your rooms. Brighter is better, and your rooms
    will look larger. Visit Lowe’s extensive lighting section
    for the latest in fashionable, functional lighting.

  6. Go green. Live plants can add decorative flair,
    without spending a bundle. Plants and cut flowers
    have a way of warming up a room.

  7. Don’t forget the outdoors, especially this time of
    year. If you have a porch, deck or patio, clean the
    furniture and replace worn cushions. Breath new life
    into your deck with a fresh finish; Lowe’s has a variety
    of deck staining and sealing products that are easy
    to apply.

  8. Make the kitchen sparkle. De-clutter the countertops
    by removing toasters, food processors and other
    non-decorative items. If you have a breakfast table or
    counter, put out a couple of table settings complete
    with place mats, napkins and dinnerware.

  9. Warm up an empty home. If your home is vacant,
    consider renting furniture for key rooms, but don’t
    go overboard. Ask your real estate professional for
    advice, based on your home’s unique features and
    selling points.

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