News comment opened my eyes to how important Your Agent can be!

By
Industry Observer

I watched a financial expert on tv, while waiting for my wife to get ready for church, who stated that the only factor keeping our strong economy from recovery is the "lagging real estate market" and I was absolutely dumbfounded.  The whole economy, banking, manufacturing, transportation, commodities, and all the others are waiting for us to get their confidence back?  Suddenly I found a new reason to be more motivated than ever to get people to take advantage of the low interest rates and invest in real estate while the market is as good as it is going to be.  Prices are lower and there is more choices than you may ever find again for loans with the best rates we have seen since when?  What is really holding us back as far as consumer confidence is concerned?  I believe it is the fear of the unknown, an unfounded fear based on potential possibilites of unforseen problems we have no factual basis for.  This country has been through a lot tougher times than this and recovered quickly and we can do it again, if every agent, buyer and seller with just get up and do their part.  I for one am ready to answer the call to help our country recover it's confidence and hope you will too!  Happy Independence Day America and God Bless America!

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Springfield MO REALTORS®
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Rainer
31,797
Ernie & Barb Suto
Century 21 Preferred Realty - Pompton Lakes, NJ

Definitely consumer confidence is the major player, this is where it starts ......... and the  real estate market should be the first to recover, estimated per Bank of America to be April, 2009.  We need a new president before anything positive is going to happen.  The real estate market was not as bad as this in the 70's when interest was so high, nor in the 80's when the market slowed .....think it is worse now, in our opinion......

Jul 06, 2008 09:33 AM #1
Rainer
23,676
James Graner
Residential Services: http://appraisalmo.com - Saint Charles, MO

Mortgage oppertunities are still much better than the 70's and 80's. In my part of the country it really is not that bad.

Jul 06, 2008 10:38 AM #2
Rainmaker
135,175
Steve Mattison
Canyon de Chelly National Mo, AZ
Vietnam Veteran

Ernie and Barb, you know it always gets better, just hang in there.  James, glad to hear it is not so bad there, nor is it here, it seems to be an AZ, CA, & FL density problem more than anything to me.

Jul 06, 2008 12:29 PM #3
Rainer
20,988
Amber Bourland
Ozarks' Independent Realty - West Plains, MO

This slower market is, like everything else, a cycle. It won't be this way forever. it can't. I think it will get worse before it gets better, but I do agree that with consumer confidence so low, nothing is going to improve...

Those "stimulus" checks? Most people I know used theirs to pay off bills or stock up on groceries and gas. Many people who are qualified and WERE looking for a home have dropped out of the search. A few told me that they are too afraid of what the economy is going to do to get that deeply into debt...

I think too many people take what they hear in the news too seriously and fail to realize how skewed it really is. If they talk to agents in their own area, and see what is really out there, as far as financing and prices go, they may change their minds and find a great bargain. Then, when things get better, they will have built-in equity. 

Jul 11, 2008 09:01 AM #4
Rainmaker
135,175
Steve Mattison
Canyon de Chelly National Mo, AZ
Vietnam Veteran

Amber, you are so right, they said the Mac's were in fine shape but because one lousy lending institution was insolvent, the financial world freaked out.  Too sad, but we will have to wait them out till they pull their heads back up out of the sand and see we are all still here. 

Jul 11, 2008 02:04 PM #5
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Rainmaker
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Steve Mattison

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