The Feds turned out to be Scrooge instead of being that big fat white bearded man we were looking for this time of year. Lowering rates a quarter point this past week which most economist predicted still left investors looking for a little more under the Christmas Tree.
It’s good to note though we are seeing investors purchasing and really going after the forclosures. Like the heavy sellers market a few years ago (if you can remember) we knew at that time the peak of the market was when we had the condo conversions, it’s also true we know we are hitting the bottom when true investors are purchasing. Are we at the bottom? Well it’s a little dark down here but I’ll keep you posted.
