Fed Watch

By
Real Estate Agent with Frank Rubi Real Estate
I like other Realtors and economists etc., are eagerly awaiting their decision tomorrow.  Most economists expect a quarter point drop.  I don't think this will ignite a fire under home buyers but it is a move in the right direction.  I think it will still have to go lower and then people might get the confidence to dip their big toe in the water.  I just wish I had a crystal ball to know what twelve months down the road holds for us.
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Comments (7)

Fran Gaspari
Patriot Land Transfer, Inc. - Limerick, PA
"The Title Man" - Title Insurance - PA & NJ

John,

If you had a crystal ball, you should sell it and buy real estate with the proceeds. The fed cut will allow banks and lenders to borrow money cheaper, but it probably won't flush any more buyers into the market. That's what we need! Buyers buying! Thanks,   Fran

Sep 17, 2007 01:21 PM
Craig Smith
Re/Max Achievers - Frederick, MD
Frederick MD Real Estate
I agree, I don't think it will bring the buyers out of the woodwork but every little bit will help...hopefully!
Sep 17, 2007 01:23 PM
Tom Cox
RE/MAX Real Estate Center - Louisville, KY
CDPE

Hang on guys, I don't think we are on the right track here.  The discount rate affects the amount of money in the system.  It is the yield rate of bonds and debentures that we need to be concerned about.  It is certainly a lot of chemistry, of which I understand very poorly, but don't expect the Fed to affect real estate directly, except to how it affects buyers emotions.

If I am mistaken, I am certainly open and would love to have an economics education.

Sep 17, 2007 01:31 PM
Roylen "GRIFF" Griffin
Countywide Realty - Blanding, UT
I think the feds are lowering it for one reason and one reason only-- to give consumer confidence-- I am not sure if it will work but...its a start-- people hopefully will take it as a sign that the Govt. at least is trying-- it may be too little too late-- but we shall see !!  
Sep 17, 2007 01:57 PM
Andrew Scherer
Approved Mortgage Group - Doylestown, PA
Real Estate Representation At It's Finest

I definitely agree that it's a step in the right direction.  I just actually wrote a blog that gave some ideas and insights on where to go if the Fed doesn't do a reduction tomorrow.  http://activerain.com/blogsview/208139/What-if-the-Fed

I hope you have a chance to read that, and I wish you well.  Great post!

Sep 17, 2007 02:01 PM
Konnie Mac McCarthy
MacNificent Properties, LLC - Cobb Island, MD
Broker/Owner - VA & MD "Time To Get A Move On!"
what is so funny about that is the rates are really not that bad...I think we are all just spoiled I have so many sellers that can't let go of a couple of years ago...what their neighbor got for their home.....
Sep 17, 2007 02:05 PM
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com
Regardless of the true effect. I for what ever gets the buyer off the fence and start buying in earnest.
Sep 18, 2007 12:29 AM

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