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So why are homes not selling ??

Reblogger Charles Stallions
Real Estate Broker/Owner with Charles Stallions Real Estate Services 610125

Eric have probably written a post that will stand the test of time. As we heard today the feds are toying with the idea that lowering interest rates will bring buyers into the market.

NO NO NO AND CAN I GET ANOTHER NO.

Until people can find a job feel secure about their jobs they are not going to be buying a home or anything else. This adminstration gets it and thus the reason for not wanting to create jobs.

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Original content by Eric Reid
With low interest rate and record foreclosures inventory , why are Buyers not buying? Seems maybe Buyers want to buy but lenders have been so over regulated that they can't lend to ready and willing and able buyers. lenders have to sell loans into the secondary market i.e. Fannie Mae now with under writhing guidelines so tight lender can lend leading to buyers who can't buy and values continuing to decline to try and pull buyers into the market where they can't buy. So what the fix ? Do you think the Government is going to open its own "Loan office / Real Estate Company " like the car dealership "Buy Here Finance on Site"
Thomas McCombs
Century 21 HomeStar - Akron, OH

I did not understand your point about This adminstration gets it and thus the reason for not wanting to create jobs.

Do you really believe that this admin does not want to create jobs? I didn't think you did, but it sure sounded like it. Anyone who believes this must be living in a cave. Even Romney isn't saying that.

Jul 13, 2012 12:36 PM
Charles Stallions Property Manager
Charles Stallions Real Estate Services - Pace, FL
Pensacola, Pace & Gulf Breeze Property Management

What a great post - thanks for sharing.  i really enjoyed reading.  i think it will take a long time to get these thoughts out of our buyers minds.  The buyers really need to trust and listen to the professionals that are out in the market every single day.  Thank you! :)

Oct 25, 2013 01:20 PM