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Real estate market: Worse than expected?

By
Real Estate Broker/Owner with Atlas Realty Service, LLC Ga Re lic. 266576
Real estate market: Worse than expected?

An article in today's Inman news brings to light what I have been seeing for a while.  The real estate market got a slight bounce from the homebuyer tax credit but now that the prop of the credit is gone, prices are again weakening.  

Rebuilding the housing market does not depend on federal housing policies. It is all about JOBS and the overall confidence in the entire economy.  People who have, and earn, more money give jobs to people who make less. Under current policies there is no incentive, and sometimes penalties, for growing your business and making more money.  People who do that are demonized and yet they are the ones that hold the key to new private sector jobs.

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Bob Southard
Broker - Owner  Atlas Realty Service LLC #75911
1% Listing Commissionand BuyerRebates

www.1PercentListingSolution.com

O:678-439-SOLD(7653)

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Comments (3)

Team Honeycutt
Allen Tate - Concord, NC

That is what we are seeing too. The great prices and the extremely low interest rates are not helping because the potential buyers are afraid to buy because they are not sure about their job security.

Aug 06, 2010 03:48 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Agreed * 3 to 5 years and another PRESIDENTIAL election should do it!

Aug 11, 2010 11:02 AM
Lois Davies
Century 21 Birchwood Realty, Inc. - Cape Coral, FL
Cape Coral & SW Florida

I am watching it happen here also.  People can not buy homes if they can't find jobs in order to pay the mortgage and feed their families.  I'ts all about JOBS, JOBS, JOBS.

Aug 16, 2010 06:17 AM