Abio Properties broker Cameron Platt talks Fed rate cut on CBS News KPIX-TV
Abio Properties broker Cameron Platt talks Fed rate cut on CBS News KPIX-TV
The news is out. The Fed has cut rates aggressively by a half percent or 50 basis points, but what will this mean for the real estate market and mortgages? Abio Properties broker and co-owner Cameron Platt weighed in an interview with CBS News Bay Area KPIX-TV on what this may mean for buyers.
"Realistically I think we have still a ways to go before we get into the territory that really moves buyers and demand," he told CBS News, indicating that this is a good starting point for the economy, but coming with a price for home buyers in the market who are largely still waiting to see how things work out.