Many buyers are sitting on the fence waiting for interest rates to fall, but don’t know when to cash in their chips.
Gambling on Rates: Interest rates have fallen to 4.25%, the lowest level in over a year.
No matter what your age, or what kind of music you like, everybody has listened to and knows the lyrics to Kenny Roger’s “The Gambler.” “You’ve got to know when to hold ‘em. Know when to fold ‘em. Know when to walk away. And know when to run.” It is a song about a young man who stumbles upon gambling advice from a seasoned, old, veteran gambler “on a train bound for nowhere.”
So many potential buyers are just like the young gambler, they simply don’t know when they should walk away from the fence they are sitting on and cash in their…