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Thoughts for Ashland Oregon for 2010
The following is a little bit of a ramble...consider yourself warned. The number one question asked of Real Estate professionals used to be "how's the market?" It seems now that the question has changed to "How are you doing?" But I am going to return to the question "How's the market", with not necessarily any answers, but some ideas. Foreclosures will continue to be a big factor through 2010, and probably even through 2011 according to statistics and columns that I read. While there is great optimism over that fact that home sales in the last couple of month have been at 3 year high levels, and that inventory is at 4 year low levels...prices have also declined to cause that. The number of people "underwater" in their homes is rapidly increasing, and stability will not come until the negative equity problem has been fully addressed. I have been hearing and reading about pushing the federal government who bailed out the failing banks to push them harder under the "Retaining Home Ownership" program to look harder at reducing loan balances as a way to meet the goal set by the Obama administration. These banks, who after taking the government money, and ... more

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