Saturday, January 26, 2008
Well...signs of life are being breathed into the real estate industry! I'm seeing more showings on my listings every week.....the fed held a special meeting and lowered the interest rate (Fed Reserve lowers Rate Jan. 22 2008)...and there's talk they will lower it again at their next regularly scheduled meeting. What does that mean to the Real Estate Industry? More than anything .....it's good press. There is a perception in the market that when the rate is lowered - it's good for real estate. Even though...it takes time for that rate to filter into the mortgage industry - it helps stimulate interest in the Real Estate Market. Realtors always talk about the spring market starting after the superbowl.