Something very interesting happen to me this week. I had 3 deals from 3 different parts of the Northeast. Considering that deals have been slow in coming, this would have made for a fair week so far, but the real story is all 3 were from Financial Planners. All have been in the business many years and all 3 work for different companies. Two were buying Primary Homes and One a Vacation Home. In talking with them they all felt that the market had reached (at or near) bottom and NOW WAS THE TIME TO BUY! They all felt that in 2008 the market may start to rebound, although slow. What the Fed. has done so far will help mainly those who are tied to the prime. Commercial borrowers as well as Home Equity Line Of Credits. Interest rates may come down, but rates are already good. Lets hope the financial planners are right. I feel we all could use some good news, together with a little boost of Consumer Confidence. Recent Update: As of 1/4/08 I just received 2 more calls from a Financial Planner and a Commodities Trader, both are out with Realtors looking at Vacation Homes.
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