Or did they mean for real estate people, developers and the very few who can afford a home.
and I guess .......lucky those who got a home 12 years ago or so, or had "helpful family" shall we say economic assistance....
2007-07-01 05:50:54 · 8 answers · asked by Sqwrll F 2 in Business & Finance ➔ Renting & Real Estate
Ahhh improving means a one way street for the sellers...notice how words like development and statements like the improving economy send the message "something positive is happening!"...yet it is always VERY one sided and something just as negitive is happening(and often more of it) just ususally not to the economically wealthy....(mocks pondering thoughtfully)
I just wondered is anyone knows the logic for the report using improving in such a biased manner.
2007-07-01 06:07:58 · update #1
The price of homes, gas, oil, utilities, TAXES, etc have risen at double digit percentages over the last few years, yet wages have been depressed at a 2-3% rise, this puts the afford ability range of a buyer at a disadvantage, the market is ot improving although most realtor's want you to believe it is, their income depends on it. As with the dot com bust of earlier it is my belief that this is just the beginning and it will get worse over the next year or so until there is more of a balance between income, and house prices. This will go beyond the subprime market in fact in many areas it is already starting
2007-07-01 07:04:38 · answer #1 · answered by Pengy 7 · 1⤊ 0⤋
ok i am only 14 but i could be in Real Estate agent right now. my father is one. you can take ym advice or leave it. the market is down right now witch means good for buyers (home cost less) and bad for sellers (they are having to sell homes for lower prices then when the market is high) it the other way around when the market is high. otherwise the cost of homes right now has grown then a couple of years ago. (depending on where you live) anyways no matter when you buy a house the price will increase (market is high) and it will decrease (when the market is low) the market is always changing. send me a message if you have any questions.
2007-07-01 05:57:27 · answer #2 · answered by Allison H 2 · 0⤊ 0⤋
You are correct.. The media influences many people, assuming that everything that they hear is true.
The housing market is NOT improving for sellers in many areas, it is declining and probably will for several more years.
Many people have a false sense of security about the supposed value of their house.
In many areas, The biggest housing crisis that this country has ever seen is looming. There are a lot of people that have a house that should be tenants. When their loans adjust, they will be losing their homes, and the market will be improving for the buyers, and getting worse for the sellers.
2007-07-05 05:34:56 · answer #3 · answered by CommonCents 4 · 2⤊ 0⤋
Most real estate listing agreements have a provision that it the house is sold within 180 days of the end of the listing to someone the agent has shown the house to, the sell MUST pay the agent a commission.
2016-04-01 02:08:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
not every places real estate are bad, right now the most affected places are those states with high subprime loans such as arizona, florida, texas and california and others.
long term, real estate is a good investment
2007-07-01 06:47:30 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The "improving" real estate market is talking about sales.
2007-07-01 05:53:54 · answer #6 · answered by heart o' gold 7 · 0⤊ 0⤋
You may have allowed your personal debt to grow like cancer in a smoker's lung. Therefore, you can't qualify for a loan.
2007-07-01 06:11:21 · answer #7 · answered by Michael B 5 · 0⤊ 1⤋
it also depends on the area ur living in
2007-07-01 05:53:16 · answer #8 · answered by starconfusionco1 3 · 0⤊ 0⤋