Case-Shiller Housing Market Not Looking Good
June 1, 2011
I really like this report because it gives you a number of perspectives.
The reality is rarely what we see in the news, but it’s always nice to see the interaction and ideas expressed by the people appearing on this show.
Case Shiller Report on CNBC.
Home prices fell all over the country except in Washington DC. where our government is growing.
San Diego home prices fell ever so slightly, still they are beginning to move down once again.
San Diego is resilient because of it’s diverse job opportunities, everyone wants to live here.
If we could get our state and local governments off the backs of businesses our housing market could really sore. The problem right now is businesses being pushed out of the state by ridiculous laws.
Be sure to make a comment or email me and get a FREE copy of the book “Should I Short Sale My Home”. This eBook can be yours today.
There is a consensus that the bottom is not going to happen until some time in 2012.
Adam Leitman Bailey thinks now is the best time in history. Right now interest rates are very low.
I am part of a large group of Realtors from all kinds of brokerages across the country (over 10,000 Realtors). The consensus is that things are only going to get worse.
This group works very closely to the lending institutions and the word from them is once this robo signing mess clears up the gates will open and more homes will be foreclosed on.
Banks are offering incentives to home owners right now to short sale their home rather that go into foreclosure. You can get money in your pocket to move out and save it up for a down payment on your new home at a lower price. Just maybe.
Think about it…… we are going to be in this for a while so could it make sense to Short Sale your home now (saving your credit score a 150 point drop) and put money away to buy your next home at a lower price. You might just get a nicer home for less. This is theory….not an absolute.
Since we are going to be in this for a while doesn’t it seem to makes sense?
Let me know your thoughts.
Don’t forget to make a comment or email me and get a FREE copy of the book “Should I Short Sale My Home”. This eBook can be yours today.
