In my last post, Good News for Home Buyers, I talked about how the Fed continuously lowering rates was something to get excited about. I didn’t mean to leave out home owners and home sellers. I believe it’s reason to celebrate for everyone in Dallas Fort Worth!
It’s true that we haven’t seen the pain in Dallas Fort Worth like the rest of the U.S. has but still, the news headlines can scare anyone into remission. With the latest fed cut, real estate analysts are expecting improvements in home sales across the U.S. I have already seen a sizable increase in home buyers visiting the home search feature on our real estate website.
For home sellers, this is great news for multiple obvious reasons. First, lower interest rates means more home buyers that can get approved to buy your home. More home buyers mean competition which equals increased sales prices (hint for home buyers, if you wait, prices will be going up, not down so act now). That is great news for anyone that has their home on the market.
Even for home owners not interested in selling, this is great news for you too! With mortgage rates at a low, this is a great time to refinance and get out of a high interest rate loan or an adjustable rate mortgage. You can easily get approved with our preferred lender Texas Mortgage Team.
Like lowering taxes, lowering interest rates will boost the economy. More money in the consumer’s pocket equals greater consumer confidence which equals more spending that in turn improves the economy. Don’t you just love economics?
Best of luck in selling your home… but in case you want more than luck in selling your home in DFW and are looking for an agent that will market your home the right way, please contact me at 800.326.9011 or email me here. Thank you.
Tags: Fed cuts rates, Home Sellers, Real estate market
This entry was posted on Saturday, January 26th, 2008 at 5:50 am and is filed under Dallas Fort Worth, Home Seller, Housing Market, Money Matters, Mortgage, Real Estate, Refinance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.