Welcome to the very first posting on the new blog for Biltmore Lifestyles Real Estate Company!
This will be a resource for our agents, clients, customers and anyone who would like to join us by reading, commenting or all of the above!
Monday, January 14, 2008
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As of January 10, 2008: From Andrew Cole with Biltmore Financial Group:
As many of you know rates have been falling since the beginning of this year. A few months ago I mentioned had touched a low point for 2 years, rates are even lower now. If you know anyone who currently has an adjustable rate mortgage, or has a fixed rate above 6.5% now would be a good time to consider a refinance. If you have any questions please don’t hesitate to call or email me directly.
Forbes Magazine ranks Greater Phoenix 3rd in its "Best U.S.Cities for Jobs" list. November, 2007.
Greater Phoenix ranks second in a Bizjournalls' study that identifies which metro areas have the strongest opportunities for young adults. April, 2007.
A survey by the Risk & Insurance Magazine and AIR Worldwide Corp. ranked Greater Phoenix the #2 safest major U.S. metropolitan area to conduct business based on low susceptibility to major business disruptions such as weather disturbances, earthquakes and terrorism. January, 2006.
Greater Phoenix has the best jobs in one of the hottest markets, according to Business 2.0 Magazine. May, 2007.
Greater Phoenix has the best jobs in one of the hottest markets, according to Business 2.0 magazine.
May, 2007.
Anti-Virus company Sophos says:
Don't fall in love with the Storm Trojan horse
----
With Valentine's Day just around the corner, be wary of a spam
campaign that may break your PC's heart. An email posing as a love
message has been spread across the Internet in attempts to install
malicious code by luring unsuspecting users to compromised websites.
The hackers behind this malware are determined to steal access to
your PC for criminal purposes by tugging on heartstrings. Don't be
love sick, keep your computer protected. Follow the link below to
learn how.
http://sophos.com/pressoffice/news/articles/2008/01/love-storm.html
Andrew Cole from Biltmore Financial Group says: Brace yourself for another wild ride. This week's economic calendar is steaming with volatile reports stacked every day. The reports include, Wednesday's Fed rate announcement, Thursday’s Core Personal Consumption Expenditure (PCE) Index and Friday’s Jobs Report. That's a huge list. And how about the movements we saw last week. Every trading day had interest rate moves of at least a quarter percent...again, that's in rate!
ANOTHER FED CUT EXPECTED - The Fed’s # 1 scheduled meeting of 2008 will take place this week. The Fed funds futures market was priced on Friday to reflect a 100% chance of a ¼ of 1% rate reduction and a 70% chance of a ½ of 1% rate cut (source: Barron’s).
A LITTLE OVERBOARD - Presidential candidates spent more than $50 million for advertising in Iowa leading up to the 1/03/08 Iowa state caucuses. They spent only $9 million in 2004 (source: Columbia Daily Tribune).
WATCHING THE GAME - A 30-second TV ad run during Super Bowl # 1 (held on 1/15/67) cost $42,000. For Super Bowl # 42 (to be held 2/03/08), a 30-second TV ad will cost $2.7 million. Today’s cost reflects annual price inflation of +10.7% over the last 41 years. 93 million viewers watched last year’s game (source: USA Today).
SUPER BET - On the Monday after the New England Patriots and the New York Giants won their respective conference championships to qualify for Super Bowl # 42, the Patriots were made 14-point favorites by the odds makers. In the previous 41 Super Bowls, the favorite has won 30 times (source: USA Today).
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