Can someone please explain in detail what that means?
2007-09-04 07:23:44 · 11 answers · asked by Unknown 1 in Business & Finance ➔ Renting & Real Estate
The Real Estate Market!!!!!!!!!!
2007-09-04 07:27:52 · update #1
Money. People are not selling their places as fast, so brokers are not making money. Sellers have houses they are losing out on because they don't want 2 places or are paying 2 mortgages and therefore losing money.
2007-09-04 07:28:28 · answer #1 · answered by marie 7 · 0⤊ 1⤋
Since this question is posted in the Rental/Real Estate section, I will assume you mean the real estate market. What most knowledgeable people mean when they say that the market is bad right now is:
1) Sales of homes has dramatically slowed over the past couple of years.
2) Homes are now selling at a lower price (in most markets) than they would have six months to one year ago.
3) People that need to sell their homes for whatever reason, are having to wait longer for a possible sale.
4) Financing is no longer as easy to obtain as it was over the past several years.
5) There are an unusually large percentage of homes that are or soon will be foreclosed on.
This is what is usually meant by a "bad Market". Now, if you are a buyer with good credit and a down payment, chances are you will be able to find a decent home at a good price.
2007-09-04 07:42:22 · answer #2 · answered by CMR2006 3 · 1⤊ 0⤋
Since you are asking this in the real estate section I will answer considering that you mean with regard to real estate.
I am in the business. That said I have also heard that things are really bad right now. But, usually it's from people who haven't been around when the interest rates were in the 18% range for housing! In the past few years it has been easy to do business and REALTORS and lenders are spoiled. So to them-it's really bad! to me it's just a time to be smarter about who you work with and how you do business! Money always talks so in truth! if you have any money now is a superior time to invest in real estate. Prices are incredible, interest rates are still very low and deals are out there, all over! Seriously, for those who take their money seriously, it is time to buy! Go forth and find a Real REALTOR-www.remax.com!
2007-09-04 07:32:33 · answer #3 · answered by helprhome 5 · 2⤊ 0⤋
It generally means the economy is stagnant because most people feel interest rates are too high. To stimulate the economy the government will usually lower the prime lending rate. This makes borrowing money more attractive and thus industries are more likely to borrow and grow. While the market is stagnant or slow, shrewd buyers will hunt for bargains. So what it means is that now is a good time to make investment purchases.
2007-09-04 14:29:12 · answer #4 · answered by divepassion 2 · 0⤊ 0⤋
I assume you're talking the real estate market. With lending terms so lenient, there has been a huge building boom in the last couple of years, and now there is a glut of houses. Prices have fallen, and people can't sell their homes for what they bought them for, because they bought at WAY inflated prices. In some places there is more than 2 years supply of homes on the market, sellers/buyers. If you're motivated to sell now, you need to lower your price way down.
2007-09-04 07:31:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋
God Bless You is a prayer for someone's health and well-being. The other phrase is, well, decidedly not! "Vengeance is mine," says the Lord! Christians do not desire that any be damned. But the phrase is usually not used as a prayer for someone's damnation. It is usually used as an vile oath. It is a violation of the 3rd Commandment, which says, "Those shalt not take the name of the Lord thy God in vain: for the Lord will not hold him guiltless that taketh his name in vain." Following is an excerpt from the Shorter Catechism of the Westminster Confession: Q. 54. What is required in the third commandment? A. The third commandment requireth the holy and reverent use of God's names, titles, attributes, ordinances, word and works. Q. 55. What is forbidden in the third commandment? A. The third commandment forbiddeth all profaning or abusing of anything whereby God maketh himself known. Q. 56. What is the reason annexed to the third commandment? A. The reason annexed to the third commandment is that however the breakers of this commandment may escape punishment from men, yet the Lord our God will not suffer them to escape his righteous judgment.
2016-05-21 02:46:24 · answer #6 · answered by ? 3 · 0⤊ 0⤋
The stock market is down recently, though still doing well for the last couple of years.
It's "bad" now because of the housing bubble bursting and especially because of credit problems which companies have been soaking from all the idiots out there with adjustable-rate mortgages who now can't pay the balloon-payments.
2007-09-04 07:29:39 · answer #7 · answered by One Voice In The Day Rings True 5 · 0⤊ 0⤋
To the average person this simply means that with foreclosure rates rising it will probably more difficult to find a home loan then it was in recent years unless you have great credit. Obviously there it is more in depth than that but that's primarily what is happening
2007-09-04 07:27:38 · answer #8 · answered by Anonymous · 0⤊ 0⤋
What market? The farmers' market, the stock market?
Generally that means the cost of stocks is low because so many people are cashing out.
2007-09-04 07:26:15 · answer #9 · answered by Sarah C 3 · 1⤊ 1⤋
It means you should think twice before making an investment because there is a bigger chance of losing money.
2007-09-04 07:27:21 · answer #10 · answered by czwtrpolo2 2 · 0⤊ 0⤋