Hackney's Houses

I've been running into this a bit lately, so thought I'd write briefly about it.

We've been hearing a lot about the "Fed Cutting Rates" in an effort to stimulate the economy.  You may note that when the Fed does cut rates it doesn't always have a correlating effect on mortgage rates.

Why?

Well, because they are not the same thing.

The Fed rate is the rate at which the banks borrow money, NOT the rate at which the banks loan money.

The typical consumer may not realize this and inadvertantly be waiting to make a real estate move in the hope that mortgage rates will drop.  Rates may drop, stay the same, or eventually go up, but it won't be because Fed is cutting rates. 

If you've been waiting because of this reason, then I encourage you to take a good look at this market because it is AMAZING!  Seriously, market opporunity like what we have RIGHT NOW only comes around every 15-18 years.  Those that invest in real estate in the next year are going to position themselves nicely for the years to come. 

Remember the stock market around 2002?  Everyone thought it was tanking and didn't pay attention to history. 

These markets have been and always will be cyclical.  Don't get caught 5 years down the road from now saying "If only..." 

Never in history has a country all become wealthy together, but they have all become poor together.  When it comes to investing in the stock market or real estate, don't negilect what history has taught us.  And this may mean going against the media and societal trends. 

Swim upstream!!

Today provided a real life lesson for us that how the Fed adjustments to the rate is not parallel to what mortgage rates do.

The Fed announced a rate cut today and mortgage rates promptly....went UP.

That's right.  It's important to remember that a Fed rate cut does not mean a Mortgage rate cut, so if that is a primary factor in your buying decision making then you need not wait any longer. 

Position yourself in the best long term investment you can...REAL ESTATE.  And there's no better time when

1. rate are at historic lows

2.  plenty of inventory to select from

3.  Sellers are ready to make a deal

Just a little teaser...

As I see many real estate licensees (not to be confused with a Real Estate Professional) leaving the business, complaining around the water cooler that business is drying up, or just plain burying their head in the sand, I have made a commitment to you to step up the game. 

Over the course of the next couple weeks, I will be introducing several new items of value for you.

This website was never created in an attempt to generate web leads.  It has been designed and created as a resource for you, my clients, and as an introduction of how I work to your family, friends, and coworkers. 

As part of my Client Appreciation Program, you will soon see an Online Business Referral Directory.  I couldn't be more excited about this.  As someone who works by referral it is always an honor for me to be able to refer you contractors, service providers, and local businesses that are top notch and that I'd be willing to put my name behind.  This will ultimately be your one stop site for the best of the best in service!  If you have received Outstanding Service, I want to know who and how I can get a hold of them.  Let's raise the standard of excellence in our community together!!!

A second item I will be adding to the website, is an addition to your monthly item of value you receive in the mail.  It will be topic based and again, a place to go for additional resources and ideas. 

If you are not currently a client or not part of the Client Appreciation Program and would like to be, drop me an email or a phone call and I will gladly add you to our community.

It's A Good Life...Sean