Have new financing rules affected the market

By
Industry Observer with Howard Sumner Consulting

 

You would assume if the price of something dropped that was desirable to purchase that sales of that product would increase. Then why in the housing market would number and percentage of the market drop in the lower price ranges if it cost about 18.5% less to buy today than it did in 2007?

 

 

 

 

 

 

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1005 SIESTA DRIVE

Price: $187,000

Beds: 4

Baths: 2

Sq Ft: 2134

A place to call home! There is plenty to please everyone in this great value! 4 bedrooms, 2 baths, open living room w/vaulted ceiling, large kitchen w/island has plenty of work & counter space, oven/range, refrigerator & freezer stay, fenced yard, d...

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Comments (3)

Richard Daskam
eXp Realty - Signal Hill, CA
Your Real Estate Consultant

Great question.  Any answers being offered to it?

Oct 19, 2013 03:57 AM
Bill Reddington
Re/max By The Sea - Destin, FL
Destin Florida Real Estate

Beacause of the current situations people are job scared. Don't know if they will have a job tomorrow.

Oct 19, 2013 04:03 AM
Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

What we hear is that people are waiting to make decisions until they are more sure of the future - both theirs and that of the Country.

Oct 19, 2013 01:12 PM

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