Whether Buying or Selling – No Good News so Far
The market figures are trickling in and the picture isn’t good for the first month of this year, home prices are still dropping like a flat tire on your car. Already low prices are still falling making predictions of recovery go haywire and strengthening the fact that it will take a long time to get things back to normal. Real Estate lenders are piling up foreclosures and people are losing homes, even as the bailout passes the many hearings. The problem, red tape, for it seems to be taking too long for the cash to get to the homeowner for it to make enough of a difference. Jobs are being lost meaning double income families may have one left or none at all making the situation even worse.
Even luxury homes are selling for very low prices for people are not buying and how long this would last is anybody’s guess for no reliable standard has so far come up with realistic figures, just hope everything gets resolved quick enough for people to manage and keep their homes.
