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August 17th, 2007 1:37 PM by David W. Welch
The Fed has pumped billions that billions with a "B" into the money market over the last week, and today took it a step further by cutting the discount rate half a point. In a nutshell, this makes more cash available for banks to lend, and cuts the rate they have to pay on borrowing. These cuts usually flow downstream to developers, builders, and ultimately buyers.
The stock market was hoping for, and maybe even expecting this one. Hopefully, home buyers will take advantage of this, and jump on some of the available inventory we have to sell. Check out www.4726ferncreek.info, the land alone is probably worth the price. Also www.8755TheEsplanade.info is the best value of any condo in Vizcaya.