Selling Homes in Essex County MA. Can an Obama/Biden or McCain help in 2009?

Selling Homes in Essex County MA.  Can an Obama/Biden or McCain help in 2009?

 

I'd love to hear from you on this. Post a Vote!!!

My guess on that is NO, not in 2009. Which leads me to believe that price declines will continue to occur in 2009.

Not all neighborhoods will be equal, but some very fine towns in our county are offering some very fine deals(foreclosed properties) to first time buyers. The fact that these towns offer decent school systems with good programs at such gravely discounted prices makes homeownership attractive to many people.   That puts pressure on the inventory in surrounding communities.

We in Essex County will need that inventory to dry up first. The recent work of Washington with the housing bill will help and if you're an agent you must be seeing FHA more than ever before as an option to buyers.

In the wealthier communities - well it really depends on two very important factors - low unemployment and the willingness for banks to lend. After hearing comments from the FED meeting on Friday, I think we're charting some very new and dicey territory in the financial markets. Until that is calmed we will continue to see a nervous consumer(buyers) who will shop price and quality. So for agents, pricing will be everything, and the only thing to make your seller successful.

In the end the choice for president is who ever you think can help, but I doubt anything will get done in 2009!