I believe and am hoping for by late Dec. 2009- Jan 2010.
What are your thoughts?
Andrew Rosenblatt
www.RosenblattFinancial.com
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer
My thoughts are the foreclosures need to stop before we see the light at the end of the tunnel. 50/50 chance of a massive avalanche of inventory hitting the market all at once due to moratoriums ending. I say 30-90 days before we can say we are out of the woods. And we would be out of the woods last month if the new inventory doesn't come online ;)
May 14, 2009 03:37 PM
Andrew Rosenblatt Realty - Tarzana, CA
Local Expert Real Estate Broker
It seems as though, everyone is selling the same REO's in Vegas because they are online as you noted...
Avalanche, you say? I can def. see that..a def. snowball effect leading to a major 1st time Buyers Market. Cheaper than renting nowaday to purchase your first property...
May 15, 2009 10:52 AM
Responsive Pest Control - Seattle, WA
Pest Control, Seattle, WA.
Andrew: I think you may not be too far off the mark. A correction as far as home buying may not occur until Spring 2010 as winter is traditionally a pretty slow time. That being said, the first time homebuyer tax credit of $8000 ends December 1. I wonder if people will get off the dime before that expires. Thanks for the post!
May 17, 2009 03:37 AM
Rainmaker
48,139
48,139
Andrew Rosenblatt
Local Expert Real Estate Broker
Real Estate Resources
Recent Posts
ActiveRain Community
almost 15 years ago
ActiveRain Community
almost 15 years ago
Real Estate Sales and Marketing
almost 15 years ago
Our Goal: is to make your first home purchase from Rosenblatt Financial® a success no matter what!
ROSENBLATT FINANCIAL IS A PRIVATE INVESTMENT FIRM AND WE ARE A SPECIALIST OF LUXURY REAL ESTATE IN BOTH SOUTH BAY, SOUTHERN CALIFORNIA AND SURROUNDING AREAS OF BEACH PROPERTIES, AND LAS VEGAS, NEVADA AND SURROUNDING AREAS AS SUCH WE ALSO OFFER EVERY TYPE OF HOME LOAN MORTGAGE PROGRAM FROM FHA, VA, CONFORMING, AND NON-CONFORMING LOANS AS WELL AS COMMERCIAL LOANS, LAND LOANS, HARD MONEY LOANS, CONSTRUCTION LOANS AND PROPERTY MANAGEMENT IN NEVADA ONLY FOR THE MOMENT AND OF COURSE FIRST TIME HOME BUYERS WITH FHA AND $8,000 GOVERNMENT TAX CREDITS INCLUDING MORE TAX CREDIT WITH PERFORMANCE OF GREEN ENERGY TECHNIQUES LEADING TO SUCH REBATES. WE ALSO BROKER PRIVATE LUXURY JETS AND PLANES AND LASTLY FOR AN AMAZING LOW PRICE FOR PENNIES ON THE DOLLAR FOR SUCH SERVICES AS CREDIT REPAIR AND LOAN MODIFICATION. WE ALSO DO IN-HOUSE APPRAISALS, AS WELL LICENSED IN HVAC & EPA LICENSED WITH ABILITY FOR HOME IMPROVEMENTS ON LUXORY TILE & LUXURY PLUSH CARPETING TO LUXURY PAINTING. ROSENBLATT FINANCIAL WILL BEAT ANY PRICE!
WE DO EVERYTHING FOR OUR CLIENTS & DONATE A CERTAIN PERCENTAGE OF PROFITS TO STEM CELL RESEARCH.
Rosenblatt Financial is here to serve and protect your interests as a family and client.
Comments(3)