Is real estate alive?

Speaking about real estate in Los Angeles we can say that the home prices have gone up by several times in comparison with the previous periods. The expert is happy about such prices in these hard times and they claim that the stabilization is close. But if to take the country’s figures the sales were poor. And still many say that real estate market is in great depression in spite of some improvements. But the number of new house that we re sold in the country is rather great. Some announce the country’s poor sales are so low because of the weather conditions. In December it was possible to witness the number of house sales surge thanks to tax credit for first-time buyers who wanted to use their opportunity and to purchase a house.

They say that California is very efficient market and it’s very attractive for buyers who are going to lead the market out of recession.

Experts predict that the recovery is going to happen but there are many potential foreclosures as Americans still lose their jobs and are not able to pay out the loans. The authorities are worried about the strategic defaults when the household leave and take their houses for nothing as they owe more than their house is worth.

Best php framework for rapid web development

Recently I have reviewed quickly all popular php frameworks. The top frameworks are Yii, CI, CakePHP, Zend Framework, symfony framework. As a result (and not for the first time) Symfony turned out to be the friendliest to a developer.

Some developers say that it’s a very convenient framework that has lots of plug ins and additional tools for rapid web development.

I have worked with CI and Zend but think that Symfony is the best.

Improved housing market in the US

According to recent researches and observation, the housing market in the US has improved. Does it mean the industry has reached its lowest point and now it will grow steadily and sellers will have no problems with selling houses? Maybe these are only rosy prospects?

For preventing further increase in foreclosures, bank collapsing and decreasing of home prices, the government has interfered and supported the real estate market. But the question is about the future of the housing market when such government’s support will be removed.

Interest rates are low because they are kept artificially due to the Federal Reserve’s obligation to purchase mortgage-backed securities. As soon as it stops the program, the rates are likely to increase by 5% or more for attracting investors. At the same time, it will cut a number of potential buyers.