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

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

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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

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Anonymous

Randal Keberlein

Randal...you are right on. Hopefully all if this will correct itself within the next year. Perhaps the election will have a positive influence. Who knows. What I do know is that we, as Realtors, have the ability to generate conversations with clients about investing money in real estate vs. the stock market. We all know that market forces have cycles. I won't pretend to have a grip on when the housing market will turn around. What I do have a grip on is the fact that a house is a tangible item. It can provide shelter to an owner, generate income for an investor, create profit in a house flip, among other benefits. I posted the blog to generate a coversation/brainstorm/discourse about Realtors empowering themselves to include this dynamic in day to day client interactions and prospecting buyers. Thank you very much for your astute response.

Oct 18, 2007 05:01 PM

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#3

Anonymous

Shane M. Hall

Sorry everyone...I'm new at this. I posted a comment to Randal from Randal. Sorry Randal. Now I understand how this works. I reiterate the following:

Randal...you are right on. Hopefully all if this will correct itself within the next year. Perhaps the election will have a positive influence. Who knows. What I do know is that we, as Realtors, have the ability to generate conversations with clients about investing money in real estate vs. the stock market. We all know that market forces have cycles. I won't pretend to have a grip on when the housing market will turn around. What I do have a grip on is the fact that a house is a tangible item. It can provide shelter to an owner, generate income for an investor, create profit in a house flip, among other benefits. I posted the blog to generate a coversation/brainstorm/discourse about Realtors empowering themselves to include this dynamic in day to day client interactions and prospecting buyers. Thank you very much for your astute response.

Oct 18, 2007 05:03 PM

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#4

Paula Hathaway, REALTOR, LBA

Douglas Elliman Real Estate - Southampton, NY

...A Local Expert in all The Hamptons

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

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

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Shane M. Hall

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