Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

The “Positive Thinking” Crowd and how Good People Get Hurt By Bad Advice
So the latest numbers came out today regarding the housing market and anyone who has been around this field long enough should not have been surprised.   Most of us know the tax credit was the only thing propping up sales numbers and values in the face of high unemployment, tightening lending guidelines and the loss in the demand chain by those homeowners experiencing negative equity.
Now for many people this latest "news" will have no impact.  Those who have a fair degree of equity in their home can still sell it if they need to or in the event of a life changing circumstance, though they may not get the return they would have registered a few years ago.  Those who perhaps purchased home in the mid part of the decade may be currently experiencing negative equity, but if they have no reason to move or sell, the impact of the market will be negligible.  I've lived in my home since 1994, across from my parents who have lived in their home since 1966. We have not refinanced.  During those years the market ebbed and flowed in terms of value and unit sales, but for my parents and me, the personal ... more

__________________________________________________
Are you on The Rain? Grow Your Network!