Another "Rate Cut" This is a good thing!

I guess Happy Halloween to consumers...The Fed decided to cut the rate by a .25 point, 2nd time in the past 6 months!

This really is a good thing, we are already in a "Buyers Market" but with so much negative talk and rising gas prices and the cost of energy going up, consumers are Leary about moving forward toward home ownership...this is still the best time, and I'll tell you why!

1st of if you think about during the housing frenzy potential home owners were over bidding on homes and were raising the prices of houses and it benefited the Seller, well now in a role reversal Home Sellers are fearful because some homes have been on the market without 1 person walking in or making any offers. This is the best time to get yourself a Great Realtor (negotiator) that will go to bat for you!

The one thing to know about Real Estate is, yes the market isn't at it's best right now, but when you own Real Estate, Real Estate is "NEVER" a bad investment! Real Estate is always consistent, there maybe a lull, but you know it will always rise.

We all know that consumers are scared to buy, but why buy when the market gets hot again, why not take advantage of when you can get the better deals!

I would rather go to "Neimans" when they have their "White Sale" and buy sheets at $200.00 then buy during a non-sale and buy those same sheets while they are $1000.00. This is where we are now. Buy now and get the deal of the Century or buy later when it's too late and your over bidding on homes!

Lenders have tightened up a bit but there is still 100% and 30yr fixed loans!