The problem is that there are too many homes and not enough buyers. This is a simple supply and demand problem. Why don't we let more people in the country? They need places to live. These people also need to eat and consume other products. When they start consuming products there will be less supply, prices will slowly go up. Production will have to slowly increase which means business should be expanding which means more jobs. More jobs means more money being made which means more taxes being paid to pay off our debt. Which means our dollar gets strong which makes the price of oil will come down.
DK
of IL
@
Oct 24, 2009 12:41:20 PM
house prices
when house prices are allow to fall to around 2003yr levels then they can start to increase in value.all these gimmicks of 8000.00 for 1 st time home buyers is just prolonging the pain that we have to realize houses are not worth as much as before and price them right to get this housing market moving.in my opinion with unemployment and also underemployment at this level.also record number of forclosures hitting the market. prices can drop another 20 percent easily.
kurt young
of NY
@
Sep 13, 2009 22:48:08 PM
Home Sales Beat Expectations
please tell me what your report is actually saying?
Will prices on housing properties, houses and/or apartments generally fall more, and if so 5%/10% or more percent?
If it means stabilizing present values for how long before the fall or increase further/
KENT LINNET
of CT
@
Aug 05, 2009 18:26:21 PM
Bravo
This was a very good synthesis of the market Luke. Well done!
DK of IL @ Oct 24, 2009 12:41:20 PM
kurt young of NY @ Sep 13, 2009 22:48:08 PM
KENT LINNET of CT @ Aug 05, 2009 18:26:21 PM
Glenn Kelman of WA @ Jul 28, 2009 02:28:22 AM
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