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Answers (12)
- Marco LaPadura David Lau, "Team MD"
- Contributions:263
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.
- Nicholas Ribeiro, "NicholasRibeiro"
- Contributions:1807
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)...
- Dan, "the_country_hick"
- Contributions:4699
The government getting out while allowing the market to function freely including the level of interest rates.
- Alan Grizzle, "Alan Grizzle"
- Contributions:401
We need Jobs.
- Robert Lewandowski, "RobertLewandowski"
- Contributions:2
Lenders need to let loose some of that capital they have stock piled!
- Gary May, "RealtorTampaBay"
- Contributions:56
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.
- Caveat Emptor
- Contributions:500
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.
only falling prices however, is good for consumers.
- Mack McCoy
- Contributions:1118
Watch out, Rita - you don't want to get Dixie Chicked!
- James Tan, "Bethany Real Estate"
- Contributions:10
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.
- hpvanc
- Contributions:2579
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.
- Joseph Baylis "New Jersey", "jbaylis"
- Contributions:12
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".
- Rita A. Walker, "Rita Walker"
- Contributions:277
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!!
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!!
What will improve the housing market?
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- 5.0/5.0
- (4 reviews)
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