Rates on mortgages are dropping for real estate in the Anytown area thanks to a recent move by the Federal Reserve Bank. The feds dropped the rate this week in a move to spark the housing market and rebound the economy.
What does this mean for the real estate market in Anytown, Utah? Well, as you know there are plenty of houses on the market in Anytown, Utah. I have been saying that there is a ‘buyer’s market’ in Anytown, Utah, but it couldn’t be any more true than it is now.
With interest rates at their lowest point in four years, and houses reaching the 120 day mark, sellers are ready to deal and banks are ready to loosen up, if not at least just a little.
It will probably take a while before the real estate market in Anytown, Utah rebounds completely, however there is a great opportunity for buyers to take advantage of a crossroads occurrence and get a great deal on a new real estate property at great rates.
If you are looking to buy a real estate property in the greater Salt Lake City area, please give me a call. You can reach me at 801.938.3466.
You can also find me at my website, located at http://myrealestateagentblog.com/about/