particularly in southern california.
when will it get realy big again? next year? next 2 years?
2007-08-20 22:28:44 · 7 answers · asked by intestinal mucous 1 in Business & Finance ➔ Renting & Real Estate
The Feds cut the discount rate which only applies to how Banks get money. It has nothing to do with how the rates that you and I pay on our mortgage. That is why it was symbolic.
It is widely expected that by mid september the Feds will cut the actual rate from 5.75 to 4.5%. This should spur growth again as people will want to take advantage of the oversupply of housing market and lock in that low rate.
The only problem is that the lenders aren't prepared to make them loans just yet. If you aren't getting a government backed loan you likely aren't getting the loan at all. Possible that wall street investors will want to cash in on the buying wave that will come.
Hopefully they will. But realistically most economic analysts are saying fall of 2009 before we are really recovered.
2007-08-21 00:05:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
noone really knows! there is no queston housing prices will continue to fall over the next 12 months.. the market has cooled forcing sellers to lower prices to sell home quickly. If you are looking to get into a property find one you like and get ito it its better to buy low and wait for it to come up than to wait for it to bottom out nand start to rise. buy that time people will be clamering to buy in.
although the fed has lowerd the subprome rate believe me it was truely a token gesture when they cut the fed reserve rate thats when things should start to pick up
I would say the determining factor is going to be quite frankly the fed lowering rate yes they have cut the rate but this will effect the market very little
2007-08-20 23:12:34 · answer #2 · answered by beachlover 2 · 0⤊ 0⤋
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2016-10-08 22:59:11 · answer #3 · answered by ? 4 · 0⤊ 0⤋
When the "Pelosi posse" realizes the American dream is an opportunity and not an entitlement. Their entire purpose is to finish the conversion of our Federal government to a National government. When they tacitly abolish the tenth amendment, anyone will be covered by the already overburdened umbrella of this generation of taxpayers.
The situation will not improve because these people are staring at the ground and not looking up. It's not an ever expanding umbrella, it's a parasol in a hurricane.
2007-08-20 23:09:25 · answer #4 · answered by look at yourself 6 · 0⤊ 2⤋
Depends what type of buyer you are. If you are a well backed investor, now is the time when its "big." This is where bargain shoppers make their money. The old saying "buy low sell high." Why not jump into the market. It also has to do alot with your investment strategy.
2007-08-21 00:50:17 · answer #5 · answered by bpl 5 · 0⤊ 0⤋
Million Dollor Question and if some one answers it right it would be a Billion Dollar Answer.
2007-08-20 23:29:23 · answer #6 · answered by AJ 2 · 0⤊ 0⤋
If I knew that, I'd be hideously wealthy.
2007-08-20 22:41:24 · answer #7 · answered by Bostonian In MO 7 · 1⤊ 0⤋