Insanity Slow
An interesting thing happened in the housing market when interest rates fell below 6% for the second time only since the 1960s, sales have declined. With most lenders offering 30 years to 5.7%, and 15 year loans at 5% you can expect that potential buyers rush to the market as parents after Hannah Montana tickets. You'd be wrong.
Home pending completion of sales of the year to date through three weeks of work were at their lowest level since 2001, compared to 207 in 2007, 126 in 2008, a decrease of 39%. Three weeks does not a trend, however, can make taking notes.
The inventory of homes for sale continues at record levels for this time of year, listing more than 1650 home and lists to be launched outside stimulation sales of more than two to one.
What could cause a slow start to the housing market Illinois kernel stable? It could simply be a Back to increased activity in the market season with home buyers waiting for spring. Could be satisfied demand after strong sales during a period of flat job growth. It could saturate the media with new specter of recession making buyers adopting a wait and see.
The media are ones again. After a successful campaign to create negative psychology in the housing market, the media, after the banana this time, the economy. The media has had success to provide sufficient fear that the president came out this week with a proposed economic incentive 148000000000 dollars to keep the slide from the countries in recession. "
The key point is that the country is in recession, but everyone believes there is a recession caused by the media communication. Perception is reality. The market is this the cause of the slow start of home sales in one of the most stable nations of Housing, Springfield, Illinois?
Another reason for the slowdown could be the rising cost of energy and food led to a decline in consumer spending. You can not have a recession unless there are two consecutive quarters of negative growth, we have not had one. The only way you would have a negative growth a significant drop in consumer spending. We could see that the decrease in spending from families to pay exorbitant prices to get to work, taking children school, food and pay their bills.
In my opinion, the doomsday is near, because of the absence of a real energy policy to reduce our dependence on foreign oil. The energy bill passed in 2007 to great fanfare, is your typical political viewpoint "that I done for you, "meaning law. It does nothing to reduce our dependence on foreign oil, unless you think mileage standards years from now have an impact. History shows that the previous mileage standards have failed. The draft Act of 2007 Energy is a toothless tiger.
Until politicians fail to bow before the altar environmentalists politically correct, we can not escape our dependence on foreign oil. An example would be City Springfield wanted to start building a new power plant. Just the threat of a lawsuit filed by a group of 400 members, the environment, a city of more 115,000 was taken hostage until the city has paid the ransom of emission standards beyond those required by increasing the law, and has agreed to buy energy to supplement wind power production in the city. The cost to taxpayers so far is estimated at 1.6 million and counting. The same applies to the federal level.
In the 1990s he opposed Clinton vetoed a bill allowing drilling in Alaska, which will deliver more than one million barrels of oil per day in our market today. Instead pay dearly for foreign oil. The resulting technology drilling in the security environment of our oil reserves, onshore and offshore. Castro can do, but we can not? To add insult to injury, has not been a refinery built in more than three decades, it has to import 13% of our gasoline. With domestic oil deposits in the Rocky Mountain States considers to be superior to those of Saudi Arabia is the economic madness. How much does Saudi Arabia import sand from us?
The reason that our economy is in danger of falling into recession, it is our fault for not electing candidates who support real energy independence. Do not complain when you fill the gas tank, check out the grocery store, or wait months to sell your home if you can sell at all. Rising energy costs is a reduction in their income is their fault. Perhaps political correctness of our society environment, the last two decades, will be more expensive than expected. To enable environmentalists to stop our progress, the economy and security at a time when the technology exists to securely capture our own energy resources is irresponsible. The reward, energy independence, worth the risk, low environmental impact. This is the inconvenient truth.
Time will tell if the slow start of sales of houses in a low rates Historically low interest, is a return to the regular season, the home seller or the tendency of the street.
About the Author:
Fritz Pfister is a licensed Realtor with RE/MAX Professionals Springfield Illinois.
Fritz is a leader in the local real estate market and hosts a live one hour radio program, now in its’ 13th year.
Fritz’s website is
SpringfieldHome.com
Fritz hosts home buyer and home seller seminars that have been attended by hundreds of consumers.
Fritz provides advice that helps consumers succeed in the sale or purchase of homes.
Article Source: ArticlesBase.com – Reasons for Slow Start in Home Sales 2008
UN Owen Was Zetta Slow? (Grim Heaper Insanity)
|
|
Worth Alxsbw Insanity Alloy Softball Bat 34/26 NEW 1057 $27.00 * Size: 34 inch / 26 ounce. * 1.20 BPF and ASA certified. * Handle : Chrome. * Style of end cap: Perimeter weight plug. * Barrel finish: Polished. * Bat material: High perfomance alloy. * Bat grip: ProTAC…. |
