admin | March 1, 2008
Hi - Now that it feels like Spring in Clearwater and Spring Break is in full bloom, the real estate market has really been picking up. I wouldn't say Clearwater real estate is hotter than ever - but there is a ton of activity and things are selling. Especially foreclosures and undervalued priced properties.
Here's some comments from the chairman of the Federal Reserve about housing as pertains to Clearwater and the rest of the county.
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Bernanke Prepared to Cut Key Rates Again
Federal reserve Chair Ben Bernanke told the House Financial Service Committee during an appearance on Wednesday that the Fed is prepared to lower key interest rates again to bolster economic growth.
The Fed "will act in a timely manner as needed to support growth and to provide adequate insurance against downside risks," he said.
Bernanke was asked when he thought the housing market might stabilize. It's possible, he said, that by "later this year it will stop being such a big drag directly" on the economy. But home prices probably will decline into next year, he added.
"It is very difficult to know, and we've been wrong before," Bernanke said.
Source: The Associated Press, Jeannine Aversa (02/27/08)
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So, you really want to make sure you are getting a really good price as Clearwater real estate may be priced lower, later in the year.
Visit our website at Clearwater Real Estate and Dream Realty
Here's some comments from the chairman of the Federal Reserve about housing as pertains to Clearwater and the rest of the county.
-----
Bernanke Prepared to Cut Key Rates Again
Federal reserve Chair Ben Bernanke told the House Financial Service Committee during an appearance on Wednesday that the Fed is prepared to lower key interest rates again to bolster economic growth.
The Fed "will act in a timely manner as needed to support growth and to provide adequate insurance against downside risks," he said.
Bernanke was asked when he thought the housing market might stabilize. It's possible, he said, that by "later this year it will stop being such a big drag directly" on the economy. But home prices probably will decline into next year, he added.
"It is very difficult to know, and we've been wrong before," Bernanke said.
Source: The Associated Press, Jeannine Aversa (02/27/08)
----
So, you really want to make sure you are getting a really good price as Clearwater real estate may be priced lower, later in the year.
Visit our website at Clearwater Real Estate and Dream Realty
Posted 2 years, 8 months ago on March 1, 2008
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