Jeff Tumbarello's (jefftumbarello) Blog

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Real Estate Broker/Owner - Steelbridge Realty LLC
RECENT BLOG POSTS
In psychology and cognitive science, confirmation bias is a tendency to search for or interpret new information in a way that confirms one's preconceptions and avoid information and interpretations which contradict prior beliefs. It is a type of cognitive bias and represents an error of inductive...
09/04/2007
I relocated here from the SWFL market, I love the fact that bell curve type charting methods work here. I ran numbers back to 2003. The variations are so slight its hard to call a boom or a bust. I am sure some sub markets had their day in the sun but as whole. This market is quite healthy. Thoug...
09/04/2007
Loan Types 30 Year Fixed   If you think interest rates are as low as they are going to get and you plan on staying in the home for 10 years or more, this program is for you. 20 Year Fixed   A great way to build equity fast without the higher payments of 15 year fixed. 15 Year Fixed   The ultimate...
08/29/2007
  Learn to Earn Again! With Wine, Cheese and Chocolate!  When: 9/6/7, 2:30 to 4:30 PMWhere: Columbus Board of Realtors, 2700 Airport Dr. Columbus Ohio 43219Cost: FREE!  Tired of the Mortgage Run Around?  We know it's a different market and we are here to help!   In times like this Stability is wh...
08/29/2007
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  Are your deals stuck in lowgear because your buyer hasTo sell their house first? PRE-QUALIFY them for a BLANKET LOAN At Union Savings Bank!•·        Little to no down payment in many cases•·        Higher qualifying ratios•·        Ability to convert to fixed rate after release•·        Title i...
08/29/2007
Bell Curve forecasting systems may work here!Fractals work in FL, CO, TX this is a good thing, If you are feeling a slowdown in the market it is due to the mortgage credit, more than supply and demand, the sales numbers are quite good, Some of the boom area's of the country now have mor foreclosu...
08/29/2007
Put down that Maxim and/or people mag. LOL with the market changing its a good time to go back to the wellhow many books have you read in the last month?Read the Black Swan and Fooled by randomness written by Nassin Nicholas Talebgreat stuff, teaches you to think without self deceptionFooled by r...
08/29/2007
Applying Economic Data to Interest Rate Volatility   Bull Treasury's safe haven as 10yr bouncing off 4.50% support range. Fed Fund's contract today show trader's see a 44% chance the Fed will lower its target for overnight bank lending to 4.75% form 5.25% at its next meeting on September 18th. Ne...
08/29/2007
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Bank of America bought $2B of preferred stock from Countrywide or if converted to common stock would represent 16% ownership: Media's calling BOA a "preferred lender"; NOT - they're just a preferred investor.  If Countrywide fails and goes bankrupt, common stockholders get wiped out (Enron, World...
08/23/2007
Thought some folks might like this. http://www.umkc.edu/WHMCKC/PUBLICATIONS/JCN/JCNPDF/JCN048.pdf i found it a very good read. Its funny how we think times change but they really do not. Those who fail to study history are doomed to repeat tTE BOTTOM LINE IS WE SHOULD HAVE LISTENED TO OUR ELDERS ...
08/23/2007
Rainer
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