I was listening to Market watch on NPR public radio as I am wont to do on a Tuesday night right before my bible study starts and lo and behold I find our illustrious mayor Abramson who is out of town on a mayor conference speaking about how this year, in 2007, with a population of 700,000 we have 3500 recorded bank foreclosures up from 2000 last year. Of course, this looks like nothing short of opportunity for my customers and me. The banks 30 year fixed rate today is 6.20% ! Now is the time to purchase property. When we buy our cloths at the mall we purchase when the price is down or when things are on sale. We should do the same with our real estate purchases. We will be kicking ourselves in 2 years we are back in a sellers market when our homes are worth a premium and we wished we had an extra house to sell.
By the way, here is our latest listing.
