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Fed Looks to lower interest rates again....

By
Real Estate Broker/Owner with BLRGUY(Beach & Luxury Realty Inc)

Quite a bit has changed since the Federal Reserve intimated a couple months ago that it might be finished cutting interest rates for a while. Credit has become  much more difficult to obtain, Wall Street has shook again and they say the housing slump continued in most areas. As a result, the powers that be at the central bank now appear to have changed their minds about the need to drop interest rates again and are about to do that.

The Fed had cut rates twice this year and  Then the problems continued, leading them to suggest that one more cut might be needed.

It is expected the Fed to trim its  rate, now at 4.5 percent, by one-quarter of a percentage point this Tuesday. Some even think there is the possibility of a half-point cut.

How do you think this will affect our market?

For us down south,our season has just begun!This is welcome news!It will be our job to get the news out to the buyers that NOW is the time to buy!

For those complaining...get off your duff and get cracking!

Comments (14)

South Austin Real Estate Blog
Sky Realty South Austin - Austin, TX
does this remind you of another song, HOW LOW CAN IT GO?????? hey I just learned another trick, I clicked on your smiley and drug it down to this box ...  wheeeeeee now i could be dangerous.
Dec 08, 2007 10:47 PM
BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL
The lower the better Gail..LOL Nice job on the dragging....I am still pretty much a novice on some of this stuff....always looking for a new trick or too!LOL
Dec 08, 2007 10:49 PM
Wayne Miller
San Diego, CA

BLR Guy,

No matter how bad things may appear in the marketplace, there are always opportunities for those who are willing to work. 

When the rate drops, you can be sure I will send out an email blast to all the folks in my contact management data base. 

Thanks

Dec 09, 2007 01:36 AM
Brigita McKelvie, Associate Broker
Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA
The Broker with horse sense and no horsing around
That certainly is great news.  How do we convince the buyers, that have been dragging their feet, that now is the perfect time to purchase that dream home? Hey, Gail, thanks for the tip on dragging the smiley.  I am also learning the different tricks of technology.
Dec 09, 2007 01:41 AM
David Dee
RMX REALTY - Alhambra, CA
Real Estate - San Gabriel Valley (L.A.) & N. Orang

BLR guy,

This is good news about rates going down. Buyers may start getting back in the market after this. Gail, thanks for the tips! Look what we have here. Are we all related?

Dave

Dec 09, 2007 03:24 AM
BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL
You are so right Wayne!This just helps give that little push!
Dec 09, 2007 03:30 AM
BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL
LOL Brigita...my smiley face is getting quite popular thanks to Gail!
Dec 09, 2007 03:32 AM
BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL
LOL David...Gail has taught us all a new trick here...that is what I like about AR..we can always learn something new!
Dec 09, 2007 03:33 AM
Danny Thornton
R & D Art - Knoxville, TN
WordPress Guru

Hey, look what I learned. I can drag and drop now.

Wonder what knew things I can learn.

Dec 09, 2007 07:54 AM
BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL
LOL....we are all indebted to Gail on that one Danny!
Dec 09, 2007 10:45 AM
Cris Burlew
Beach & Luxury Realty, Inc. - Saint Pete Beach, FL
Broker ~ St Pete Beach FL Real Estate
It will certainly be good news on Tuesday...we just have to wait and see if they do a quarter or half point drop.
Dec 09, 2007 01:48 PM
David Dee
RMX REALTY - Alhambra, CA
Real Estate - San Gabriel Valley (L.A.) & N. Orang

BLR Guy,

I think Gail created a monster here.       

 it wasn't me  =========>    <==== it wasn't me.

I got the word "farkleberry" to type in below.

Dec 09, 2007 01:57 PM
BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL
Cris you are right...am hoping for that 1/2 point!But any drop is a good drop!
Dec 09, 2007 11:14 PM
BLR Guy
BLRGUY(Beach & Luxury Realty Inc) - Saint Pete Beach, FL
LOL Dave..glad you are having fun!Better to get farkleberry than dingleberry I guess...LOL
Dec 09, 2007 11:15 PM