There is talk that the Federal Government is close to an agreement with banks to freeze sub prime mortgage interest rates. Good ? Bad ? TEAMCONNECT feels there needs to be some good news, some helping hand that can hit the swing of supply and demand and nudge it a little toward the supply side. The housing market is a big concern nation wide and many feel it’s holding back an economy just keeping its head above water.
What we have seen in Central Florida and the Dr Phillps area is buyers sitting on their hands, Waiting one Because they have a home to sell or two they think prices will go lower. Any help from the Fed would help the buyers sitting on the fence to make the jump into the market. There are great deals out there and we are seeing more international buyers picking through those homes getting a good investment.
Robert Schott
Broker Associate
R0bert@MyTeamConnect.com
