Is anyone seeing an increase in sales from the federal rates dropping? I'm working with a number of buyers who are still hesitant to pull the trigger. How many more ways can we say, "Now is the time to buy." I had a buyer tell me yesterday that waiting has worked in his favor. Why shouldn't he wait to see what happens in the new year.
Another buyer told me he is not buying because he is fearful of losing his job in this economy. One last buyer brought up the point... I had a a secured loan a few months ago - now I'm working less hours - due to the economy - and they want more verification of pay check stubs. I can't do it.
I was happy to see the drop in the rate... it has stirred more interest for me, but I have not signed any more contracts. What is the next move? What else has to be done? How can we help fearful buyers that are concerned about their employment?
I guess I'm looking for some input for other parts of the country.
So... my point is ... is the feds dropping the rate really helping you? Write it here. Tell us.