buyers: Buy Low, Sell High - The Real Estate Strategy
- 02/19/08 01:01 PM
Extremely low interest rates and reduced sales prices allow today's Buyers a rare opportunity. The "Sub-Prime" mortgage blunder has produced high foreclosure rates, contributing a temporarily slow housing market. While no one likes to hear the bad news, it may mean good news for the savvy consumer. In order to bolster the economy, the Fed has been forced to cut interest rates despite inflation concerns, while Sellers and Builders must keep prices in check due to the simple law of supply and demand. Typically, low interest rates will fuel an increase in price due to affordability, but the huge selection of … (6 comments)
Extremely low interest rates and reduced sales prices allow today's Buyers a rare opportunity. The "Sub-Prime" mortgage blunder has produced high foreclosure rates, contributing a temporarily slow housing market. While no one likes to hear the bad news, it may mean good news for the savvy consumer. In order to bolster the economy, the Fed has been forced to cut interest rates despite inflation concerns, while Sellers and Builders must keep prices in check due to the simple law of supply and demand. Typically, low interest rates will fuel an increase in price due to affordability, but the huge selection of … (6 comments)
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