At 12:59PM on October 28, 2009 - Will Barnard said...
A fall in RE pricing could only happen (at least here in SO CAL) if the banks decided to all of a sudden release verything they have and flood the market. I just don't see that happening. As stupid as they are sometimes, I find it hard to believe they would shoot themselves in the foot.
At 04:37AM on October 28, 2009 - Jim Wineinger said...
Is this the start of yet another spike which comes just before a fall?
Reference the chart for June 09, Sept 08, and Feb 08.
If so how could they fall much further?
At 01:25AM on October 28, 2009 - Will Barnard said...
Especially in the CA market, where prices are higher (although much mor eaffordable these days) and a 1/4 point actually accounts for something.
At 01:24AM on October 28, 2009 - Will Barnard said...
Not for investors but it certainly should for homebuyers with a 30 year fixed!
At 04:18PM on October 27, 2009 - Jon Klaus said...
Yes, psychologically we like to lock in at the very lowest rate, but .25% doesn't make that much difference, or at least it shouldn't for investors.
At 12:15PM on October 27, 2009 - Will Barnard said...
Still at very low rates, just another of many reasons why you hsould be a buyer right now.
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