Comments on: Housing Plan Stuck, National Recovery In Hands of Real Estate Market

By: homes for sale in casa grande az

homes for sale in casa grande az — Wed, 17 Mar 2010 02:36:37 +0000

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By: Temecula California

Temecula California — Thu, 10 Dec 2009 16:38:56 +0000

I wouldn’t hold my breath. We would probably already begin to see a turn around if the government had stayed out of it. All they are doing is prolonging the agony. It’s the same problem you have with big corporations the guys at the top don’t have a clue what is happening in the real world. Short Sales are the stupidest idea anyone could come up with. Especially in California where they will tax you for the Debt Relief you receive. You see California is broke never mind they had $100,000,000 to help big business. You remember they gave $10,000 to everyone who bought a new house last year. The politicians said they were trying to spur job growth by helping the Big Wall Street Corporate Builders sell more homes and they did and once those homes were sold they packed up their tools and left. No new jobs were created it’s just another example of the government protecting big business and who cares about the little guy. They could have used that money to offset the loss of taxes by not taxing people for debt relief. If you want to do a short sale do your self a favor talk to an Attorney (not a BK attorney) and Tax Professional chances are they will tell you the best option for you is foreclosure. No one really know how much it will effect your credit but one thing is definate you won’t have to pay tax on the debt relief and you won’t be suied by the banks.

By: Real Estate News Summary (week ending 07-06-09) | Memphis Real Estate Buzz

Real Estate News Summary (week ending 07-06-09) | Memphis Real Estate Buzz — Tue, 07 Jul 2009 16:23:29 +0000

[...] National Recovery In Hands of Real Estate Market – via The Real Estate Bloggers – http://www.therealestatebloggers.com/2009…; June [...]

By: genetic cancer testing

genetic cancer testing — Fri, 03 Jul 2009 06:38:44 +0000

The liberal government policies have facilitated the expansion of the foreign involvement in the Real Estate Investment sector.

By: Daily Digest for 2009-07-01 | Joe Spake - Memphis Real Estate

Daily Digest for 2009-07-01 | Joe Spake - Memphis Real Estate — Thu, 02 Jul 2009 07:52:23 +0000

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By: Orlando Vacation Homes

Orlando Vacation Homes — Wed, 01 Jul 2009 05:39:13 +0000

I still see liquidity and financing to be an issue with the banks. Until that problem is rectified, inventory will be slow to move from the system.

By: Brandon

Brandon — Wed, 01 Jul 2009 00:52:32 +0000

Excellent summary of the current environment.

By: Portland Real Estate

Portland Real Estate — Tue, 30 Jun 2009 20:43:39 +0000

I dont think that we should rely on this industry to get the market back. Everytime we try that, it is a short sighted victory that never actually fixes the problem. Houses are too expensive, and people are using credit/mortgages to get them. Why not go back 50 years to where you didnt buy a house until you had the money.

By: John Watch

John Watch — Tue, 30 Jun 2009 16:40:34 +0000

Your comments are on the mark regarding the availability of financing. But I do think we are missing some critical points. We are on track to have over 4 million property sales this year. That represents about 4% of the residential housing market. These homes are receiving financing.

Secondly property values are reported to be down in value because of the median sales price. The much discussed Case-Schiller Housing Index does not place a relationship of sales price to the size of the home.

Now many economists and bloggers will state that there is no relevance in Sales Price to Square Footage. To this we state that there clearly is. Square Footage does matter! In studies we are just completing, 15 of 20 major metro areas have experienced a decline in sales price compared to last year and to 2006. But the properties being sold are also smaller and by as much as 15% to 20%.

So what is the real decline in housing values and what is the real erosion of the under lying housing market. Well it depends if you do the research or if you are an investor looking to snap up properties at bargain basement prices because incorrect information is being fed to the masses.

Conducting comprehensive research takes time and money, but many of the comments I read just rip into the process, as opposed to trying to understand the process. The markets are in flux and need some clear direction, but if we continue to post inaccurate information we will not see a housing recovery take foot for months.