If I read one more article on how the housing market remains stalled, I think I’ll scream! I won’t name names–but a major daily publication out of NYC, ran a story on how buyers were holding back because they think prices MAY come down A BIT more and some are choosing to rent instead.
HELLO!!!! YOU’RE MISSING THE BIG PICTURE!!
The BIG picture is that BANKS are to blame…PERIOD!!
Tell me, for real, you honestly believe most people would prefer to pay someone else’s mortgage than their own — NOT! Most people who are settled in a particular location, would much prefer the stability and comfort–not to mention, the long term benefits–of home ownership. It remains THE AMERICAN DREAM!
And regarding the POSSIBILITY of prices DROPPING A BIT MORE… homes are not commodities–no pork bellies here–homes are not stocks–You would have to be clairvoyant to know where the absolute bottom is–and then time the sale on the absolute top–Do you have a Jeannie in a bottle too?
The single problem, at this time, to increase the number of home sales, are BANKS! Lending has become a bad word to them. The bottom line is, there are buyers who want to buy & sellers who want to sell, banks need to get on board!