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
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.
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!
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