I read an interesting article in the Washington Post over the weekend last week I thought I’d share it and some comments on the market.
The housing market fluctuations have been frustrating to everyone involved, with “big banks” seemingly wading through mud getting things moving, knowing that there are millions of homes waiting behind both self-imposed and government imposed “damns” is both scary and exciting for everyone. As an agent I want to see some of that inventory start to be released onto the market. It’s great for us and for our buyers to have a good inventory and be able to offer buyers the kind of home they are looking for. It’s also scary to wonder how much this will impact the home values and neighborhoods.
As a home buyer I want to see the vacant homes that are sitting waiting to hit the market and have my choice of everything, as a resident I want to see those homes sold and occupied to keep my neighborhood safe.. BUT I also want to see them sold at a fair value and to people who have pride of ownership.
Any comments from people out there about the housing market changes, both good and bad?
This post was written by Jasmine
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Wow great post, I’m from Australia so I didn’t appreciate the seriousness of the issue over there. What a sham, i think there would be rioting in the streets if the same thing happened here. Unbelievable!
The Government bailed out the banks, but who helps out the average Joe on the street? No one. Banks are dragging their feet with loan modifications. Why? Because if real estate values go up, they wont have to show as big a loss. In the meantime, thousands of good people are losing their homes.
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