Whose buying right now?

By
Real Estate Agent with Real Estate Network Group
It's funny...because the people that are buying right now are the wealthy...and mostly foreign investors and of course anyone with stellar credit and wanting a property under $417,000 in order to stay in the conforming loan range....Being here in Ca, where the average home is definitely over $417,000...I really hope the Fed raises that conforming loan rate out here which would then be as high as about $729,000...this would open up a floodgate of good buyers who are frankly, sitting on the sidelines right now with their hands tied and truly make it a "buyers market" for everyone.
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Rainer
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Sheyenne Schultz

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