Filed Under Listings, Mt. Lookout · Tagged:
The Economy 2008 Quarter 3 Update
13 Aug2008
from the AmyBSells Chief Economist Ryan Detrick I think it is important for those who read this blog to look at the economy on a broader scale and understand that housing affects many other parts of our economy, and is affected by many other parts of our economy. These things should be considered when understanding the market as a whole. To do this, I have recruited a client and friend of mine who knows the market very well, all aspects, and he does not focus on housing. If you read his bio, he is something of a celebrity appearing weekly on television for his thoughts on the economy and the... [more...]
Home Sales are Key to Economy
13 Aug2008
Filed Under Buying, Selling · Tagged: economy, Financing, Foreclosures, Housing Market, Lending, Pricing, Value
This article published today in the WSJ suggests that the economy is waiting on housing prices to stabalize before things will get better. What is their prediction for this to occur: Not likely to happen soon! Looks like they think more than a year to stabalize with suggests that home prices have further to fall until our economy will be in a balance. This after uncertainty surrounding the future of Freddie Mac and Fannie May. Home Prices Hold Key Credit Crisis Will End When Assets Stabilize By DAVID REILLY August 13, 2008; Page C18 Back to the bunker. That was the message after J.P. Morgan... [more...]
