Michael Clarkson is one of Denver's highest profile brokers. He’s been featured in Realtor® Magazine three separate times, Denver Post, Denver Business Journal, KOA Radio, KHOW Radio, and the Colorado Radio Network. Michael is a licensed Managing Broker in Colorado and a GRI (Graduate Realtor® Institute). He is also a partner in the firm, Cash Path Real Estate LLC. Michael has an MBA in International Business from Regis University in Denver.

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Tuesday, January 22, 2008

FED RATE CUT: NEWS ALERT from The Mile High Home Hunter

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Mile High Home Hunter
NEWS ALERT!
Federal Reserve Delivers 0.75% Emergency Cut to Key Rate
 

Also, National Association of Realtors' Chief Economist

Sees Denver Market Strong in '08

 
 
 
 
Tuesday, Jan. 22 2008

Federal Reserve Delivers 0.75% Emergency Cut to Key Rate


WASHINGTON -- The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on Tuesday, the biggest one-day move by the central bank in recent memory.

The Fed said it was cutting the federal funds rate, the interest that banks charge each other on overnight loans, to 3.5%, down by three-fourths of a percentage point from 4.25%.

Click here to read the Federal Reserve's Statement

The Fed action was the most dramatic signal it can send that it is concerned about a potential recession in the United States. It marked the biggest one-day move by the central bank in recent memory.

The Fed decision was taken during an emergency telephone conference with Fed officials on Monday night. Those discussions occurred after global financial markets had plunged Monday as investors grew more concerned about the possibility that the United States, the world's largest economy, could be headed into a recession.

Click here to read how the stock market reacted to the rate cut

In a brief statement, the Fed said it had decided to cut the federal funds rate "in view of a weakening of the economic outlook and increasing downside risks to growth."

The central bank said that the strains in short-term funding markets have eased a bit, but "broader financial market conditions have continued to deteriorate and credit has tightened further for some businesses and households. Moreover, incoming information indicates a deepening of the housing contraction as well as some softening in labor markets."

Click here to read Paulson: Quick Action Needed on Economic Stimulus Plan

The move caught financial markets by surprise. Many had expected the central bank would wait until its meeting next week to make any move in interest rates. The Fed made the move before markets had opened in the United States, hoping that the bold move would limit the decline in U.S. stocks.

Before Tuesday's move, the Fed had cut interest rates three times, beginning in September, the month after a severe credit crunch had roiled Wall Street and global financial markets. The Fed cut the funds rate by a half-point in September and then by smaller quarter-point moves in October and December.

In its statement, the Fed said, that "appreciable downside risks to growth remain" and held out the prospect of further rate cuts.

"The committee will continue to assess the effects of financial and other developments on economic prospects and will act in a timely manner as needed to address those risk," the Fed statement said.

The Fed's action was approved on an 8-1 vote with William Poole, president the Fed's regional bank, dissenting. The statement said that Poole objected because he did not believe current conditions justified a rate move before the Fed's meeting next week.
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Michael Clarkson
REALTOR®, GRI
This email was sent to milehighhomehunter.09eurfnnds8098u23rnk@blogger.com, by mj@milehighhomehunter.com
RE/MAX Alliance | 9737 Wadsworth Parkway | Westminster | CO | 80021

Monday, January 21, 2008

This Week's Real Estate News Channel Is Ready

Here is a link to my weekly "REAL ESTATE NEWS CHANNEL":

Click Here

This week's segments are full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

Some of the topics covered this week are:

Real Estate Outlook - Continuing declines in mortgage rates-down to the lowest levels we've seen in nearly two years-should be brightening the outlook for anyone interested in buying or selling real estate.
Mortgage Moment - Jan Demas discusses "Whether you or not you need Private Mortgage Insurance"
Market Condition - Marco Island, FL.....Local Realtor Barb Cooper reports that "after a leveling of prices during the end of 2005 and 2006, we are experience a definite turn around.
Ask the Expert - "I hear the mention of OFEHO a lot on the news and on . What exactly is OFHEO?"
Video of the Week - This week's amazing video.

You can also tour my latest listing as well as view some of my personal favorites.

I hope you enjoy this week's show. If you have any comments, please e-mail them to me.

If you do not wish to receive this each week, please reply to this e-mail with the word 'REMOVE' in the subject line.

Oh, by the way™

… if you know of someone looking for a Realtor® whose service is "Mile High" and would appreciate the level of service I provide, please call me with their name and business number and I will be happy to follow up and take great care of them.

 

 

Kind regards,

 

Michael

 

Michael J. Clarkson
Broker Associate, GRI, MBA 
Work: 1.303.403.2641
Mobile: 1.303.332.6393
Fax: 1.866.723.4337
Email: mj@milehighhomehunter.com
IM: mjclarksondenver (MSN)
RE/MAX Alliance
9737 Wadsworth Parkway
Westminster, CO 80021
USA
See who we know in common Want a signature like this?
 

Mile High Home Hunter - Moving and Storage Discounts

RE/MAX Alliance
Mile High Home Hunter
Monthly Moving and Storage Specials
January 15, 2008
Dear Blog,
 
 
As a member of my monthly CAP (Client Appreciation Program), it's my pleasure to provide helpful services and information to you, my best clients and friends.
 
One of my trusted referrals is Mike Mustain of Johnson Moving and Storage.  Michael ClarksonHe can be reached at mmustain@johnson-united.com and 303.596.3280
 
I have known Mike for about 15 years now, and know him as a person of integrity who provides uncompromising support of clients. I am thrilled to refer him for your moving and storage needs.
 
Mike was generous to share with me some coupons that are part of Johnson's monthly specials.  Those coupons are shown below and are also shown in http://www.MileHighReferrals.com.
 
As these are monthly specials, I will update them and send them to you on a monthly basis.  I realize you might not be moving, but you likely know someone who is!  After all, there are about 30,000 homes on the Denver Metro Market at any given time, so it's likely you know someone is thinking about moving and could use these coupons!
 
And if you know someone who is looking to move, I also know a great REALTOR® who will provide them outstanding support too!  Please let me know their name and business contact information and I will follow up with them. I promise to take great care of them!
 

Enjoy! And thanks for making my business "move ahead of the competition" through the generosity of your referrals!

 

Kind regards,

 

Michael
 
 

Oh, by the way™ ,  if you know of someone who is thinking of buying or selling a home and who would appreciate the kind of service I offer, I'd love to help them.  So, as these people come to mind, please give me a call with their name and business number.  I'll be happy to follow up and tend to their needs.

Call Today

Mike Mustain

Johnson Moving & Storage

303-596-3280


One Month Free Storage
 
5% Off Local Move (Middle of Month)
 
10% Local Move Valuation Discount
This email was sent to milehighhomehunter.09eurfnnds8098u23rnk@blogger.com, by mj@milehighhomehunter.com
RE/MAX Alliance | 9737 Wadsworth Parkway | Westminster | CO | 80021

You can find great local Erie, Colorado real estate information on Localism.com Michael Clarkson is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

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