So We Have a Real Estate Market Double Dip...Now What???
- Do we whine and moan a little bit?
- Does this give us reason to say "I Told You My Job Is Tough"?
- Do we find a political party or bank to blame?
I guess it depends if you want some cheese with your whine or not.
Today Clear Capital released their monthly housing data report and yes everyone we have officially "double dipped". This is not as fun as double dipping into the ice cream but it can give you a brain freeze. The numbers officially dipped below the previous national low from March of 2009. They dropped .7%.
2 Major Reasons for the dip
- Record bad winter weather this past year put the chill on hardy buyers
- Increases in distressed sale activity
I'm sure you could put in prolonged unemployment, no home buyer tax credit, and tougher lending guidelines as well.
The Midwest was twice as bad as any other region
North Carolina had the best market or least declining market.
This is just another one of those reports that we basically already know, but it stings a little when we have to read it and hear about it for a few days. Let's cross our fingers that tomorrow's monthly payroll numbers are better than last month and we can focus on the positive.
Positive Energy yields Positive Results
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