Fannie Mae-No Politics (FNMA)

[mikoli007]

I have been in Real estate for 13 years, it always "plateaus" this time of year, most of the time it slows way down or declines, then picks back up a little until after the holidays when it shuts down until after January, then it is slow until spring then really picks up for summer. When I got in, interest rates were 7.5 and everyone thought that was great. The more interest rates climb back to normal ( 6-8%) the more buyers will come out of the woodwork. I had a guy who tried to time the bottom and lost a full percentage point in one week. Look at the history of real estate, it is an awesome investment. People who have lost confidence are just plain stupid and do not pay attention to history.