www.SmartHomesHQ.com fro all informtion about Kalamazoo, MI Real Restate and Homes for sale.
The December 2008 has been an interesting month in the real estate industry in the Kalamazoo and surrounding area. Many of the challenges the market has spoken about has had impacts on residental home sales in the area.
First, jobs have really shown their true colors this month. December was tough for many of my buyers committing to a home purchase due to co-workers losing jobs, or departments in the local industry have cut budgets. I was currently working with someone fromm Bronson ( a local hospital) who state she wouldn't buy because the employees with senoriity were being cut, and the young, cheaper laborers were being hired, and she was worried about losing her job. Another buyer from MPI Research went cold after her company announced between 200-400 job cuts, after the same company just said they were going to hire 3,000 new employees over 3 years.
Second, th stock market as you all know has had a big impact on my buyers. Some buyers who use their 401k as a down payment, or back up reserve have seen their 401k depleated and are scared of a purchase.
Third, the housing markeet in general. Thhe battling question many buyers have been intrigued to know is in a declining market, if they do purchase they are purchasing a depreciating expense that could be a liability.
Scripts, dialouges, and general market awareness has to be in place so people do understand the benefits of a home purchase and the long term investment that can come from owning in a depreciated market.
Its a great time to invest, and I hope we can get this to turn so many buyers can take advantage of it all.
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