December 10, 2010 Leave a comment
A while back I opted to stop rehashing the monthly housing numbers. They are what they are and everyone else is writing commentary on them. What this is about is understanding there is a housing marketing. People are buying and selling homes.
Get That Look of Pity Off Your Face
It seems whenever I run into people I know lately they approach me with this very sad face and assume I am unemployed based on what is being communicated about housing values. Smile People. The fact that most are either not understanding or missing is that just because home values decline does not mean sales are not happening. Yes, there are fewer transactions than in the heyday of the mid-decade and yes the real estate market is being effected by the economy and distressed properties.
If you are going to pay attention to the story get the whole story. The story is the perfect storm of a troubled economy where housing values combined with lending issues that have created a distressed property market that we have never seen before. Just because values are down does not mean that homes are not selling. As in any market it is the partnering of price, timing and a qualified buyer.
With that being said I want to let you know I am gainfully employed working as a REALTOR® as well so many others. As a professional, it is my job to facilitate the negotiations bringing the buyers and the sellers to the closing table and I am doing it.