Today's decision by the Fed to cut the federal funds rate by 50 basis points (1/2 % in laymen's language) is just what real estate needed. Not only will in make new mortgages cheaper but it will help stave off foreclosures among those whose adjustable mortgages will now adjust a little bit less. Hopefully that will enable them to stay in their homes and reduce the inventory pressure on the market. If you would like to talk to me about the real estate situation in Cleveland or you are looking to buy or sell in Cleveland Heights, Shaker Heights, or University Heights, call my voicemail at 216-348-3075 or visit my websites www.scotthaigh.com and www.realtyone.com/scott.haigh . Have a great week!!
Scott
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