I had an appointment last night to show a home to some very serious buyers, so serious, that they wanted to put a contract on something by Monday. It was about 530pm and I turned on the national news and it happened to be Katie Couric, I watched as I was getting ready and putting my shoes, they started in on how bad the housing industry was, and the number of foreclosures, blah, blah !!, And I am thinking to myself, here we go again, when are they going to get tired? The day before it was all about the California fires, and I don't mean this to belittle the situation for all the Californians effected by it, but it took up the whole show. Now that the situation is getting better for California, the news media has to go find something to fill the slot. Of coarse what better item, The Housing Market. This is getting to be tiresome, repetitive, dribble.
Where I practice my real estate is in College Station, Texas, home to Texas A&M, only 1 1/2 hours from either Austin or Houston, we have a steady market and a growing community.
Okay, I hope I have set the stage for the grand finale, having never been an author, and unsure of myself as a blogger of any note.
The the final statement to the news items, was the fact that on Tuesday the feds are going to consider lowering the interest rates again. In hopes of bolstering the economy and staying off a recession. How does that equate to my immediate situation?
So does this mean that in my good market area, my buyer is going to now get an even better rate? So, what I am getting at is, as long as the media wants to report doom and gloom and the feds want to react to those messages, those of us still healthy across the country are going to receive something positive out of it. To all those buyers waiting on the fence, it's time to climb down. Maybe the prices aren't going as low as you would like in your area, but the interest rates a definite incentive.
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