Wow.
It appears that Buyers will be looking at rates at or below 5% soon.
This could prove to be a big step in stimulating some more purchase activity nationally.
It's nice to be in Silver City where declines have been minimal - at least they haven't been anywhere near as substantial as elsewhere. There must be some local pain being experienced with retirement accounts having been hammered, jobs lost, and some loss in value in their real property. Obviously the real estate market has softened. It had too. Before the "bailout," some folks weren't sure we would have a private banking system when all was said and done. Hmmmm.
To be honest, we may still have to give back a bit more before the national financial situation is resolved. Still I feel reasonably comfortable that we (in Silver City) will be spared the worst case scenarios associated with this mess. Fingers crossed and hoping the powers that be have the common sense to do what's right for the USA.
Really sorry to hear about recent FCX events. We really do need the jobs and associated income going to businesses in the community . Go copper...
Good Buying Opportunities! - coming soon
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