The word on the street is the housing market is getting much better! OOOPs wait a minute what I meant to say was the housing market is still very flat! Hold it I just read a different news paper, what they meant to say was that the housing market is all over the place.
Do you ever wonder where the information comes from when you hear the local and national news reporting on the state of the housing market in the United States? Well most of the information comes from outsiders and even insiders that have their own opinion about the current state of affairs. I just read in the paper last week that housing starts were expected to be up this year making for one of the best years in the last five. Then in our local news paper it was written that our house values are expected to fall during 2011, this from the experts in the field.
My first question is who the experts are and what if any information they have to make them state in writing what they prognosticate is going to occur. My thoughts on the current state of housing are that no one knows, if they did they would have fixed the problems by now. Housing prices only fall until they fix the appraisal system. Making a uniform system to appraise homes instead of the appraisers own opinion and findings, of course you can guess prices will fall.
Jobs are the big kink in the cog, no jobs no sales. I have been saying this from the start. Guessing the housing market is like our weather reporters this year, maybe ten percent right? I can tell you this, things will not change one way or the other until the individual human nature is taken out of the scenario. Change the appraisal system and fix the bank loan approval system. Welcome to our new and not improved world.
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