Posted by Beverly Brady on 11/7/12 2:15pm
Msg #442532
Next 4 yrs?
Anyone have any idea what the business will be like with Obama in for the next 4yrs?? Just interested in feedback.
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Reply by OR on 11/7/12 2:24pm
Msg #442533
Just pray about it and then don't worry.
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Reply by Shoshana/AZ on 11/7/12 2:28pm
Msg #442534
We don't have a crystal ball. Call your local psychic. n/m
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Reply by Bob_Chicago on 11/7/12 2:35pm
Msg #442535
I will try to keep this as non- JP as I can. If interest
rates stay reasonably low, the housing market keeps improving and the job market
also keeps improving, then it should stay excellent.
If any of those factors deteriorate, then maybe not so good.
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Reply by notary/OR on 11/7/12 3:14pm
Msg #442537
will continue to improve...
The last two years tells me that things are on the upswing and I'm optimistic!
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Reply by Beverly Brady on 11/7/12 3:28pm
Msg #442539
Re: will continue to improve...
Thanks for the replies, appreciate them.
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Reply by Jack/AL on 11/7/12 5:08pm
Msg #442546
Nope! Not a clue.............. n/m
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Reply by CentralNY on 11/7/12 5:27pm
Msg #442550
I'm ascared to go there but....
my hubby said if they paid many out-of-workers $40k plus benefits and not spend a gazillion on the election, well you know, people could feed their families and sleep better. we love capitalism but PLEEEZE with the rich. they are blessed, so they should give more, period, or just shoot all the poor people. $ and business are great but nothing w/o people that make the world go round and make the "stuff". ok, i'm an old hippie and going to dinner.
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Reply by Eva75Eva on 11/7/12 5:26pm
Msg #442549
Has anyone seen the Marketwatch report today following the election? We just fell off a financial cliff.
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Reply by Beverly Brady on 11/7/12 5:38pm
Msg #442552
Yes, that's what I'm talking about...will there be anymore help for people that need help from foreclosures, to refinance, and I'm asking because some here have been doing this a whole lot longer than me-and there are some who keep watch on all this. And not thru a crystal ball either.
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Reply by NVLSlady/VA on 11/7/12 7:48pm
Msg #442562
<<not thru a crystal ball either>>
I'd be willing to bet this is the method most economists and law professionals prefer.
If you're really interested in what they THINK, you might try subscribing to online news sources like wall st journal - online financial news or Inside Mortgage Finance. Sure there's tons of others who'd love to litter your inbox; I have to delete half of these 'cause no time to read or digest.
I found an interesting blurb about Dodd-Frank (post-election) and posted to my web page.
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Reply by OR on 11/7/12 7:40pm
Msg #442560
Re: The stock market crashed today. I think that says a lot n/m
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Reply by anotaryinva on 11/7/12 7:56pm
Msg #442564
Re: The stock market crashed today. I think that says a lot n/m
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Reply by Shoshana/AZ on 11/7/12 8:11pm
Msg #442566
The stock market had really nothing to do with the election.
It was more about what was going on in Europe.
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Reply by MW/VA on 11/7/12 9:55pm
Msg #442575
Exactly & it certainly wasn't a "crash". The sky is not
falling. BTW, I've heard that interest rates will continue to be held low for the next several years. The idea is to keep money moving. A rise in interest rates would slow lending to a halt. Our economy operates on banks loaning money. My .02 :-)
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Reply by JanetK_CA on 11/7/12 10:24pm
Msg #442579
Re: Exactly & it certainly wasn't a "crash". The sky is not
I agree on most points. We've had lots of similar market swings over the past several years - in both directions. With computerized trading, trends tend to be exaggerated. I wouldn't be surprised if most of those losses are recovered within a few weeks - if not within a few days. Although the worldwide economy, especially the situation in Europe, may be a drag on the market for some time. I'm certainly no economist, though.
But as for interest rates, the low interest rates are an incentive for people to borrow, but not much of an incentive for banks to lend. If rates go up some, so that banks are making more on their loans, they might loosen the purse strings a little. I'm not sure that lending would come to a halt, but it would likely make it less enticing for businesses - unless there was a significant increase in demand for their products and services.
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Reply by chucke/fl on 11/7/12 8:55pm
Msg #442571
Based on the question, your reference to the next 4 years appears to be a political question and shoud be addressed in the political forum. It is sad the "President" Obama has an effect on everything or that is what some would like people to believe. Unless you are rich and I don't believe any of us are if we are signing agents, I believe the next four years can be even better the the last if we can get our goverment to work together for the good of all people and not be a party to the petty Bull S---!!!!!
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Reply by JanetK_CA on 11/7/12 10:36pm
Msg #442581
chucke/fl, this is no commentary on the content of your post, but in all fairness, I think you should have taken your own advice and sent this post over to JP. I'm just sayin'... 
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Reply by HSH/WA on 11/7/12 10:07pm
Msg #442577
Re: I think most people who want to refi will have before
long and harp loans will tapper off. But, as housing improves purchases should pick up again. So for the next few years I don't see a big change in volumn but possibly in loan type.
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Reply by 101livescan on 11/8/12 7:53am
Msg #442592
Re: I think most people who want to refi will have before
I agree, more purchases, fewer refis. Interest rates will gradually rise. It remains to be seen how much volume will change. Foreclosures are slowing, at least in my area.
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Reply by Don Courtney on 11/8/12 2:45pm
Msg #442647
Purchase vs. Refi thought
I would think that if/when the market swings to more purchases and less refinancing,
there will be more direct orders from title and escrow instead of signing services. My logic is
that on a purchase, escrow is normally opened by the Realtor, and most Realtors have established
local escrow contacts.
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Reply by Stephanie Santiago on 11/8/12 4:27pm
Msg #442661
Just Politics for this post. n/m
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Reply by Stephanie Santiago on 11/8/12 4:28pm
Msg #442662
Beverly - this belongs in JP. n/m
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