Local Real Estate Comments and Ramblings

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Real estate market: Worse than expected?

Real estate market: Worse than expected?

An article in today's Inman news brings to light what I have been seeing for a while.  The real estate market got a slight bounce from the homebuyer tax credit but now that the prop of the credit is gone, prices are again weakening.  

Rebuilding the housing market does not depend on federal housing policies. It is all about JOBS and the overall confidence in the entire economy.  People who have, and earn, more money give jobs to people who make less. Under current policies there is no incentive, and sometimes penalties, for growing your business and making more money.  People who do that are demonized and yet they are the ones that hold the key to new private sector jobs.

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Bob Southard
Broker - Owner  Atlas Realty Service LLC #75911
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Comment balloon 3 commentsBob Southard • August 06 2010 10:41AM

Comments

That is what we are seeing too. The great prices and the extremely low interest rates are not helping because the potential buyers are afraid to buy because they are not sure about their job security.

Posted by Team Honeycutt (Allen Tate) about 9 years ago

Agreed * 3 to 5 years and another PRESIDENTIAL election should do it!

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) about 9 years ago

I am watching it happen here also.  People can not buy homes if they can't find jobs in order to pay the mortgage and feed their families.  I'ts all about JOBS, JOBS, JOBS.

Posted by Lois Davies, Cape Coral & SW Florida (Century 21 Birchwood Realty, Inc.) about 9 years ago

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