Sometimes the White House Has to Know When to Be Quiet

By
Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781

Sometimes the White House Has to Know When to Be Quiet

Today the Orange County Register reported that the White House reports cite "continued fragility" in housing.  No kidding really.  We are just starting to see some positive numbers and buyers are beginning to come out to purchase their dream home and the White House publishes this report.

They produce what they call a Housing Scorecard.  The continuing phrase in these reports is the market is fragil. 

When buyers as skittish and worried that if they buy a home and get into it they might wait and get one after the market hits bottom.  Add a report that is spouting a fragile market and it begins to sound like it might crash, or at least go further down. 

In the body of the report they state what we are seeing.  Fewer foreclosures and more buyers in the market purchasing homes.  Even the delinquencies mortgages are down for the month.  All very positive signs.  Prices have not firmed up yet but they could in the near future.  Negative news frightens the skittish public.  So please don't put out the negatives White House.

Comments (10)

Larry O'Sullivan
Sandy, UT

Tim - it's a pity economists feel obliged to say something ~ and their record has never been great. It is an opinion to justify their existance. I have faith in my local observations.

Apr 15, 2012 06:54 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Larry

I agree with your observation.  If it does not add to the solution they need to keep quiet.

Apr 15, 2012 07:03 AM
Marnie Matarese
DWELL REAL ESTATE - Sarasota, FL
Showing you the best of Sarasota!

I think most Americans are no longer interested in anything that comes out of the White House. 

Apr 15, 2012 10:51 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Well Mamie there is that.

Apr 15, 2012 11:12 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I counld not agree more.  It is important that the government stop messing things up.

Apr 15, 2012 11:17 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Government is not good at resolving anything.

Apr 15, 2012 12:11 PM
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

Hi Tim I think we still have a ways to go once the foreclosure settlement puts those home back on the market. What say you.

Apr 18, 2012 11:07 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Joyce foreclosures will be with us for a while.

Apr 19, 2012 01:37 AM
Jen Bowman
Keller Williams on the Water - Holmes Beach, FL
Realtor - Anna Maria Island & Bradenton FL

Tim, I agree with you.  Those of us that work in the trenches on a daily basis see what's going on.  I have to say, we're seeing improvement in the Atlanta market.

 

Apr 28, 2012 10:58 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Jan

No thanks to government intervention.

Apr 28, 2012 01:26 PM