America doesn’t trust the Health Care Plan, Congress and the Obama Administration and is afraid to put into the Economy that doesn’t seem to rebounding at all? Is everyone “hoarding” what little money they have, waiting for the other shoe to drop?
No Tag
Wade Morris, Realtor - CRS, ABR
Welcome to my Blog. I'm part owner of Home Source Group of RE/MAX Greater Atlanta Realtors® specializing in Atlanta Homes in Brookhaven, Chamblee, Dunwoody, and Sandy Springs. Whether you are buying or selling your home we work with resale’s, first-time home buyers, companies relocating people to Atlanta, and most home sellers in northern part of the Greater Atlanta area.
Contact Me today
678-248-3500
wade@wademorris.net
Copyright © 2013 Wade Morris. Titan Theme by The Theme Foundry.
Powered by Yahoo! Answers
True.
Of course!
New Home sales fell… because of the Health Care Plan! Brilliant!
You should call Rupert Murdoch… I’m sure he could hook you up with a great job… maybe even applying Vicks VaporRub to you’re heroes eye lids.
not at all
The other issues don’t matter. There is continued distrust in the economy (for good reason). This is called a double-dip economy and we are still in for a rocky road. In some area new home sales are up so you have to dissect the market, not use a very broad average.
Or maybe these dumbass “experts” need to stop making predictions. Then they can stop being “surprised” when reality doesn’t match their idealistic expectations.
Have you noticed how they’re always wrong??
The problem is people have lost their jobs and can’t afford to buy a house right now despite the fall in home values. The credit qualifications have also become more stringent and there are fewer loan products available to buyers that require no investment on their part unless they have a glowing credit score. That is not necessarily a bad thing but it will take time for people to clean up credit issues, save down payments and stabilize their income enabling them to buy homes
No there are just too friggin many houses.
Why are any new homes build, since under Bush 20% more houses where build then people can ever afford to buy?
It will take 15 years, to go through that inventory.
Wow. No.
Home sales dropped due to the recession and tougher credit requirements.
Basically because saying sales will rise in an attempt to manipulate people into believing the lies of the “improving economy” did not work.
Is it related to the purposed health care bill where a person will have to purchase health insurance or face thousands of dollars of fines, I believe could very well have affected new home sales.
Yes here is my prediction… Its called the Jimmy Carter effect.
House prices continue to fall
Inflation rate increases
Unemployment continues to increase
Interest rates increse
Dollar continues to loose value
Then in 2012 a Reaganesk president is elected and the economy turns around in 3 months.
No, I think it has more to do with people not being able to afford new homes, first of all. In addition, banks are not throwing the money around like they did when Bush was in power – no more of those stupid interest-only loans, etc. No more not having to prove employment or income in order to get a home loan. No more jobless crackheads getting loans on $500K houses! The banks have had to tighten up. Getting a home loan is more of a process nowadays. People are simply being smarter and making better informed decisions in regards to how they spend their money. Nothing wrong with that. The economy is going to fine, but it’s going to take a bit of time.