Dog Days of Summer

It was a long hot summer and we are still getting warm weather???

Anyway the Fed has cute the prime rate, mortgage interest rates are down, inventory of existing homes hasn't been this high in over 4 years, prices are coming down and jobs/employment is strong in our area.  So why are people not buying a home????

 I don't know, could it be a lack of confidence in the economy? 

Maybe someone out there can give me some insight.

 
Posted by Frank Jacovini on 09/27/2007 01:32 PM   Comments (1)    

1 Comments on Dog Days of Summer

Hello Frank,

 

My opinion is that consumers are scared.  The news is reporting negative view everyday.  CNBC has probably 10-15 mentions a day on how bad the real estate and mortgage market is.  We as a society are trained to believe that what we hear all day is true.  We ned to get some one to report on some good news about the purchse market picking up. 

 

David

09/27/2007 01:57 PM by David Keslar (First Call Mortgage Company)

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Real Estate Brokerage: DiGennaro Real Estate
Frank Jacovini
Philadelphia, PA
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DiGennaro Real Estate

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