Lets take a look at the market as is appears to look right now. We have just come out of the Home tax incentive from the government. Did this help to ease the housing market downturn? In my opinion it helped to get some of the first time home buyers off the fence that was going to buy right away.
It didn’t lead to anyone rushing to the gates like opening day of the IPOD sale. We have the lowest interest rates in place right now, is this making the market any more solid. It appears that the low interest rates are an every day and almost forgotten factor. What then is the contributing mark that is guiding the housing and real estate market? JOBS, the job and unemployment to be exact are not going away anytime soon. Buyers need the money to come in for the money to go out.
How far away we are from a recovery, one could only guess. None of the government forecasters or financial industries has been right yet. Listening to the Sunday morning talk guessers is like throwing a coin in the pond and wishing for change. But I guess it is the job of the government to keep the hopes and dreams alive.
1 comment:
I think it might still take some years to recover the housing markets. I am not a guru on this but just speculating. You are right about the need of a JOB. People need inflow of money to buy essentials and home is one of the most desired essential one could ever have.
Real estate market downturn
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