Coffee, Gas & Housing

Stop Buying Expensive Coffee and Save Calculator – While we sip our lattes and rage about the high cost of gas, we might want to consider the lost opportunity to invest what we ingest. Hugh Chou's coffee calculator let's you figure out just what that daily caffeine fix could have earned if you had poured a cup at the office instead of stopping at Starbucks. Investing the $3 from one latte a day over 10 years yields over $9,000 in savings.

We mentioned in our post Gas Prices are going to Torch YOUR Home how the price of gas was going to affect the real estate industry. Chris Palmen over at BusinessWeek writes about The New Gas Crisis

From CNN Money Home prices seen getting worse still – Expected drop in home prices nearly double estimate of two months ago; recovery more than year away.

The outlook for home prices this year – already expected to post the first drop on record – got worse Wednesday as an industry group cut its forecasts for sales and prices for 2007.

The National Association of Realtors said it now sees the median price of existing homes sold falling 1.3 percent this year. That's almost twice the 0.7 percent drop forecast just two months ago, and is worse than the 1.0 percent drop in prices it estimated in May.

Remember - it's your local market that matters! Be sure to work with an experienced real estate agent that KNOWS their market. Realtors advertising themselves as neighborhood experts may know the streets and the schools, but may have no clue as to market trends and housing values.

And, from the Fed – Bernanke Expects Rebound, But Not In Housing Sector - According to Federal Reserve Chairman Ben Bernanke the economy will rebound from it’s slower first quarter. But any rebound in the real estate markets is not going to happen anytime soon.

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