why is the real estate market so low? Looking for web sites.Have to write a report for school?

Question

looking for webs sites to help find reasons for poor home sales in Michigan.Why the real estate market is slow

Answer 1

maybe you should interview a local realtor for your term paper, or an economist or someone trying to sell his or her home. not every question can be answered with a web site. sounds like you are not inclined to work very hard on this.

Answer 2

I see no difference in yr. Real Estate purchases now require larger down and first-rate credit score which equals much less consumers than ago. Once you spot all of the on the market indicators begin going away, thats whilst its a well signal that the truly property is in a position to get well. A recuperation may not be a quick one. This yr can have the largest blow in view that Bush's Mortgage Tax Relief ends after 2009. It takes approximately nine months (Give or take) to foreclose and all people needs to be inside that time-frame; hence, residences will begin to head underneath misery through mid summer time. As foreclosure can be carried over to early 2009 the bleeding would possibly give up through mid to past due 2009. The unhealthy factor is, I recognise anybody who're on a "Fix" loan who're bailing out in view that of being upsidedown. Imagine different situations? Other men and women received it worse. It definately does not appear well projecting yr from now. People may not see fairness for awhile except the loose marketplace will get regulated and that's one more subject. This complete factor can difference, however the govt definately received to play it sensible and no longer supply out rebates that's vain in state-of-the-art marketplace.