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Is now truely a bad time in the Real Estate Market???

By
Real Estate Agent with McBride and Son Homes

"I DON'T THINK SO...."

Do you remember when interest rates were at 17+% ?!?!?!   

   In the '80s home owners were paying interest rates at 17% and were VERY relieved when the droped to 14% !!! .  Interest rates today are @ 6% and below!!! It is a GREAT market especially for a first time home buyers, renters, ANYONE looking for a new home!!!  Inventory is HIGH and prices are falling! 

Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri 314-775-2050 - Des Peres, MO
SelectAnn.com

David, It's a great time to buy real estate but the media has created such a doom and gloom scenario that the buyers and even some sellers are waiting.  What are they waiting for?  Rates to rise?  Prices to take a leap?  Everyone seems to be sitting on the fence. 

Now the Fed is threatening to start raising the interest rates.  The market is showing signs of improvement.  Only time will tell.

 

Jun 25, 2008 05:06 AM