Real Estate Market suffering through "The Carrot & The Stick!"

By
Real Estate Agent with RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident BRE# 01215778

A real estate market recovery is much like traveling to a destination.  You wouldn't drive from your home to a destination you don't know without a GPS or MapQuest or AAA TripTic.

Attempting to pull the real estate market out of despair is also like taking a journey to an unknown destination.  There has been on roadmap drawn in fact the process seems to be "throw it against the wall and hope something sticks!"

 The real estate market recovery has been by "The Carrot & The Stick"

The Carrots:

  • Interest Rates at low never seen before.
  • Halting Foreclosures.
  • Aiding Home Owners to modify their loans.
  • Instituting Short Sale procedures that give certainty to sellers, buyers and their representatives.
  • First Time Buyer & Move Up Buyer Incentive Programs.
  • Home Prices Falling more than 50% in many locations.
  • Home Affordability being the highest in decades.
  • Forgiveness of Tax Liabilities for those losing their homes.
  • Foregiveness for Mortgage Liabilities for those losing their homes.

The Sticks:

  • Lenders too strict
  • Appraisals too strict
  • Homes not being released by the Lenders and Banks when they would have sold during the incentive programs.
  • Threatening to remove the write-offs for mortgage interest for home owners.
  • Allowing too few Realtors control too many listings.
  • Spending too much time and money on free health care rather than investing in jobs.
  • The Tea Party, Republicans, Democrats & Independents putting fear about not allowing our country to pay their bills.
  • Allowing a downgrade in our nations credit rating.
  • The Carrot was Winning but The Stick has Taken the Lead!
Concerns over the next election rather than pulling together in a time of emergency.

We need jobs & Washington could end this crash simply by putting country first!

What do you think?

Your Friend & Realtor,

Tony Lewis * RE/MAX of Valencia * tonyglewis@yahoo.com * 661-702-4720

Looking to Sell a home in Santa Clarita or Southern California, Contact Tony Lewis

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Tony Lewis

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