In Black Jack, the dealer never hits on 16…..Burbank, CA
That’s because odds are against them winning and the House always plays the odds. Many of our Real Estate clients are hesitant to either sell or buy in this market. They are obsessed with playing the odds, trying to time the market to get the lowest price because they have heard the market hasn’t bottomed out.
Our approach is a bit different. We make every effort to educate our clients and help them take a step back from the situation and look at the whole picture. We are playing the “facts” not the odds. Let’s discuss the components that are part of these tough decisions.
Interest Rates: Rates are very low and have remained low for many months. The Fed’s are continuing to help the economy by keeping them low – as of the last meeting, the Federal Reserve did not increase rates. Their language was very stable and the banks expect rates to remain stable for the next 6-9 months.