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What does 2009 hold for Real Estate?

Mortgage and Lending with Competitive Insurance of Dundee

Everywhere is going to be better for some.  Unfortunately, if unemployment continues to rise, it will force more foreclosures.  No job, no mortgage payment, right?  If foreclosures continue, the pressure on home values has to continue downward. 

I am optimistic, but logical too.  I think there are patches of good sprinkled everywhere and I'm focusing on those patches.  Will things bounce back in 2009?  I sure hope so, but I also believe it will be the tail end of 2009 not any time soon. 

Obama is correct to look to create jobs, but his first two ideas don't seem like they will yield many jobs.  His first idea is to help kids go to college.  How does that create jobs?  Secondly, put medical records on-line.  Not many jobs here either.  Public works jobs make sense, but we have plenty of public workers already.

Should we stimulate the entrepreneurs to create jobs?

Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Randall~ I agree with you.  It would be wiser to stimulate entrepreneurs to create jobs! 

Feb 10, 2009 05:57 AM
Linda Lipscomb
Linda Lipscomb RE/MAX Lexington Henderson County TN - Lexington, TN
731-695-1118, Lexington TN Homes


Sounds like politics to me, smells like politicians, tastes like greed, and I can see the writing on the checks and it's not my name.

Feb 10, 2009 06:00 AM
Vickie Slade
Colorado Landmark, Realtors - Boulder, CO
Service You Can Trust ~ Someone You Can Depend On

Randall, while I believe it is a good thing to stimulate the entrepreneurs to create jobs; unfortunately, I don't think that is enough.  The stimulus needs to be far more broad!

Feb 10, 2009 06:01 AM
Kevin Cavanaugh
Keller Williams Hudson Valley Realty - Tappan, NY
Lic. Associate Broker, ABR, GREEN

Randall, absolutely!  Create tax cuts and incentives to start business.  It's the fastest way.  You can't rely on the government to create public jobs.  By the time they get around to it, America will be out of business.  Have a great day.  kevincavanaughonline.com

Feb 10, 2009 06:09 AM