Hickory NC Real Estate Blog

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Does anyone think the fed loosening rates will encourage people to buy??

One thing I did think of is that people are not going to be really happy with the return they are getting form their stock portfolios....maybe they will be more likely to put some money into real estate again especily if theyt are able to get a mortgage on investment property under 6%.

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4 comments • Mike Kelly Jr. Real Estate Team Hickory NC Real Estate • January 22 2008 06:28PM

Comments

Lower interest rates reduce the price for the borrower without lowering the price paid to the seller. That combination always fuels the market.
Posted by Greg Myers (G L Myers Real Estate Services) about 1 year ago

Michael:

If the fed cuts actually reduces mortgage rates (that point is being debated by "economists"), that makes for better opportunities for real estate investors.

As for the retail market (i.e. the average home buyer), let me play devil's advocate for a minute. Rates can be 1%. However, if buyers insist on offering $20,000 - $40,000 less than list price (when the list price is already discounted), you might still have issues with closing transactions.

Is that being realistic or pessimistic?

 

Posted by Columbia SC Homes for Sale by David Patterson (Keller Williams Columbia SC) about 1 year ago
Maybe a little of both.
Posted by Mike Kelly Jr. Real Estate Team Hickory NC Real Estate (EcoBroker, GRI, CRS CENTURY 21 American Homes) about 1 year ago

It will if the media would shut up and stop running around like Chicken Little saying the sky is falling.

 

Posted by Chris Frantz (Hernando County Real Estate - Exit Success Realy) about 1 year ago

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