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Your Professional Housing Prediction? The media's mixed signals

The REAL Deal - in your neck of the woods!

So what do you all predict for the market in your area - both in new homes and resale. As i'm sure you've noticed, the media seems to change their outlook on a weekly, if not daily basis.

Lenders are getting a little stricter - which i think is a good thing for buyers, considering we've had the highest rate of foreclosures and bankruptcys in years lately. Also, with prices leveling out - curious how appraisals will go this year!

Our office had a lot of sales and listings, so the market can't be as bad as the media is making it out to be - at least here in Middletown, NJ!

2007 Housing Market 'Won't Be A Standout'

http://realtytimes.com/rtcpages/20061115_marketstandout.htm

The Forecast for 2007 Housing: SUCK

http://bigpicture.typepad.com/comments/2007/03/the_forecast_fo.html

Housing in 2007
http://calculatedrisk.blogspot.com/2006/12/housing-in-2007.html

Also, when buyers insist on waiting to buy, thinking prices will come down - what do you tell them? Seems they are reacting to what the media is telling them, instead of listening to professionals who know the real deal! I would show them the facts in black & white!

Posted by Jane E. Haas on 04/05/2007 12:37 PM

Comments (3)

housing, real estate, buyers, sellers, mortgage, lenders, strategies, market, sell, sale, buy

Post is included in group: RE Systems Integration

3 Comments on Your Professional Housing Prediction? The media's mixed signals

APR

2007

If the powers that be cannot figure it out......I sure cant. When you ask six different sources you'll get six different opinions. Guess we'll have to wait and see.

Patricia Aulson/Seacoast NH & ME

Well, are listings moving in your office, or stagnant? In our office they are moving quite well. We did take a lot of price reductions, but not drastic ones. Around here it seems to have just leveled out, but things are selling - not what the media would have you believe!

Listings are moving in our office, just not as fast as before. The market is correcting itself. Here in Florida we had a mighty wild run.

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