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Housing Market Woes as the DOW creeps up!?!!

By Shane M. Hall

Real Estate Agent with Century 21 Commonwealth

October 18, 2007 03:09 PM

It just amazes me that so much money continues to move into or around the New York Stock Exchange, yet the housing market in most regions of the country are falling rapidly. It seems to me that the entire body of the real estate industry needs to work together more to help clients understand just how valuable investment in a home is. I think that stock brokers are winning the battle for our buyers' and sellers' attention. I'm personally going to talk about this with clients, customers, coworkers, friends, and family as much as possible. Realtors ought to be aware of the investment market and remind others that investing in a home is just as solid, of not much more, than investing in a "diverse portfolio!"

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Randal Keberlein

Weichert Realtors, Precision - Kenosha, WI

Shane:

The housing boom followed on the heals of the dot com bubble bursting. Now the Dow is surging as the housing bubble burst. This is no surprise.

Oct 18, 2007 03:23 PM

Ray Saenz

Exit Realty Laredo - Laredo, TX

Homes for Sale in Laredo, TX - Texas, Realtor

Shane,

I understand what you are talking about, isn't impressive ? :) welcome to active rain, keep the good blog :)

ray saenz

Oct 18, 2007 04:18 PM

Paula Hathaway, REALTOR, LBA

Douglas Elliman Real Estate - Southampton, NY

"Deeply rooted in The Hamptons---local expertise"

I agree with you Randall; I really believe that Wall Street knew all along that the housing market was eating up the funds that would normally be going into the stock market. Because there is a huge "lobby" for Wall Street, they have been able to effectively destabilize the housing market by the inisistance that it was going to fall apart---the media has been reporting that the housing market was falling apart for the last 5 years!!! So now it really is..........The worst part of this is that with the housing market falling apart, the average person is scared stiff! They are not pouring money into the stock market; they just want to keep their homes. This whole situation with the defaulting of loans will keep the average person paralized for months and years(possibly) to come perhaps. Instead of high prices, unemployment or high interest rates bringing the H market down, the mortgage market has done it!--single-handledly, and in conjunction with an ill-advised consumer.

Oct 19, 2007 05:02 AM

Housing Market Woes as the DOW creeps up!?!!

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Shane M. Hall

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