Who Would Have Thought?

By
Real Estate Agent with Coldwell Banker Kinard Realty

I just finished reading an article through CNN Money which shows the Housing Market is up but, still lower than expected. It states that's they feel our Market is up but, the reason they feel the numbers are lower than expected is due to the WEATHER. Because the country has experienced such a harsh winter even with the Tax Credit, potential Buyers have not been able to get out and look at homes.

Who would have thought? I personally find a little irony there. It makes sense when we think about the winter months being traditionally slower than the warm months but, it sounds like grasping a bit to me.

I'm sure speaking for myself I enjoy showing homes more when it's warm and I certainly enjoy going into a warm toasty home more than a cold one but, I just not sure I buy blaming home sales on the weather...

Winter comes every year. I feel our Market decline is based on jobs. If people are not shopping for homes they are not shopping because they can't afford to pay for homes or they are afraid to buy because they don't feel secure in there current job and a steady income coming in.

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Rainer
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Corey Chase
Silvercreek Realty Group - Meridian, ID

I agree Paula...It isn't something that is new to us. 

Mar 06, 2010 01:32 AM #1
Rainer
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Dennis Duvernay Broker/Owner
Hillview Realty - Northbridge, MA

100% agreement....jobs, jobs, jobs.....weather is not going to hold back any serious buyer.....fear of a job loss will

Mar 06, 2010 01:43 AM #2
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David Okada
Douglas Elliman Real Estate - Manhattan, NY
Service-Beyond Your Expectations

In general I agree. Jobs are critical not only to create a sense of confidence, but for the real estate market.

I am finding in the Manhattan market that the large 6 room apartments 1700 sq.ft and above are starting to show an increase in buyers specifically for addresses where apartments don't come on the market frequently. This group of buyer seems to be more immune to the economy.

Mar 06, 2010 02:05 AM #3
Rainer
19,342
Paula Roberts
Coldwell Banker Kinard Realty - Dalton, GA

Oh you are so right. I listed a Lease last weekend (Saturday) and I had the new Tenants in the home on Friday. Only bad things is I think they were walking away from their Mortgage in doing so.

Mar 07, 2010 12:04 AM #4
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Rainer
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Paula Roberts

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