What will improve the housing market?

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012 - Louisville
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (12)

Lenders becoming a bit more realistic on what and who the borrowing public is. By definition lending goes hand and hand with risk and large lenders seem to want as close to no risk as possible. We also need jobs and we have to do something about all the upside down mortgages and shadow inventory. It's quite a mess but with these interests rates if lending became a bit more relaxed people would be happy to buy. I'm not suggesting ninja loans just a bit more understanding by the lenders. We can only hope.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012
Its amazing how we all struggle with this when the answer is very simple. In my market there are 3300 homes for sale and about 200 sales per month. The market will start to turn when the demand number (200) gets closer to the supply number (3300)...
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012
Profile picture for the_country_hick
The government getting out while allowing the market to function freely including the level of interest rates.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012

We need Jobs.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012
Lenders need to let loose some of that capital they have stock piled!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012

From a buyers perspective it's a great time to invest at this very moment. From a sellers standpoint, it's going to take a continuing inprovement in the employment sector. As unemployed consumers begin to gain full-time respectful employment in their professions and become stable enough to pay their mortgages...the number of distresses sales should begin to be less of a negative factor on sales prices.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012
Profile picture for Caveat Emptor
every market is based on the fundamentals of the primary consumers. falling prices, increased wages across the board or fewer restrictions on credit would all result in higher prices.

only falling prices however, is good for consumers.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012
Watch out, Rita - you don't want to get Dixie Chicked!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012
I agree with Joseph. The only way the housing market can recover is if the REO and Short Sale supply diminishes and demand returns. The only way the number of Short Sale and REOs can be reduced is if the government (FNMA/Freddie) and other investors aggressively pursue loan modification with principal reduction if necessary. Also, the large scale refinancing should be more aggressively pursued by the GSEs. At the same time, the REOs should be converted into rentals, this way the inventory gets reduced. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012
Profile picture for hpvanc
Time, wage growth and general inflation.  Natural economic law has reasserted itself, and so far none of the "fixes" have succeeded in doing anything besides delaying the inevitable.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012
The bank owned REO`s and short sales still continue to drive prices down. It`s going to take at least two more years to stabilize the economy and reduce the distressed properties that are flooding the market. Once that happens we can return to a "normal market".
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012
Wes,
Are you keeping up with current events?
The US economy needs to make a comeback. We need our elected officials to stop insider trading and taking money from special interest.
When they start caring for their constituents instead of lining their pockets there will be a change that makes an improvement for the people of this country and in turn will help our industry.

BTW: That fact that Mitch McConnell is from my state is truly an embarrassment!!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 28 2012
 
Related Questions
How long is the average home buyer search?
Profile picture for burncard98
Latest answer by burncard98
June 29 | 13 answers
What is a listing titled, "Make me move." Is it a rental, home for sale...?
Profile picture for Scott Stringer
Latest answer by Scott Stringer
June 26 | 2 answers
Our closing date on condo keeps on getting delayed
Profile picture for Nicolas Ellis
Latest answer by Nicolas Ellis
May 19 | 4 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 2705 W Kentucky St, Louisville, KY Home For Sale
    2705 W Kentucky St, Louisville, KY 40211

     For Sale: $25,000

    • Beds: 0
    • Sqft: 1968
    • Baths: --
    • Lot: 5000
  2. 8600 Blue Lick Rd, Louisville, KY Home For Sale
    8600 Blue Lick Rd, Louisville, KY 40219

     For Sale: $87,900

    • Beds: 3
    • Sqft: 1515
    • Baths: 1.0
    • Lot: 12798
  3. 1903 Farrington Dr, Louisville, KY Home For Sale
    1903 Farrington Dr, Louisville, KY 40216

     For Sale: $69,900

    • Beds: 3
    • Sqft: 1547
    • Baths: 1.0
    • Lot: 9148