How Local Experts See the Current Economic Situation and What it means to Ridgefield

October 5th, 2008 categories: Ridgefield, Talking Real Estate

This morning’s Ridgefield Press article “The Credit Crunch Hits Home” offers terrific insight into how world economic events are effecting us here in Ridgefield. We get analysis from Yale lecturer and longtime Ridgefield resident Nick Perna on how the entire financial system depends on confidence. Ridgefield Bank’s Gary Smith explains the fed funds market and what that means to our local banks. Local mortgage broker Terry Hastings tells us that not only does he have plenty of money to lend, but rates are at historical lows. Ed McGill at BMW of Ridgefield is still offering car loans and leases. And Ridgefield town clerk, Barbara Serfilippi, reveals how the real estate sales slowdown effects town coffers as conveyance taxes have declined.