Fed Cuts Discount Rate!
Yahoo! My current plans are to sell my spare house next summer, and interest rates need to drop a bit to get the Boise housing market out of its doldrums.
As near as I can tell, part of what put the Boise housing market into a buying frenzy a couple of years ago wasn't just lower interest rates making it easier for locals to buy houses, but that lower interest rates meant that people in California (among other places) were able to sell crummy little houses at prices that just take your breath away. This meant that they could move here, buy a really nice house, and not have to worry about having to subject their children to public schools that are probably getting ready to scrap Heather Has Two Mommies for Heather Has Two Mommies, Three Daddies, One Indeterminate, And Two Interspecial Parental Units.
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