WHY AREN'T HOME BUYERS OUT BUYING IN DROVES?
"EUREKA! I FOUND IT" . . .
ARCHIMEDES AGAIN LEADS ME TO THE TRUTH . . . . FOLLOW THE THEORY OF DISAMBIGUATION and everything becomes very clear.
QUESTION: Why aren't consumers out in droves taking advantage of:
- The lowest home prices since about 2003 (probably rising in some areas).
- The lowest interest rates since about 1975 (probably not going to last much longer).
- Inventory of homes for sale provides many from which to select (moving fast in some areas).
- Tax Credits available ($8,000 and $6,500) for home buyers who buy soon (ends soon).
- Experienced Buyers' Agents ready to help (ready to tour homes for sale).
Yet, Buyers are still "ON THE FENCE".
WHY ARE QUALIFIED HOME BUYERS NOT BUYING?? Consider this unambiguous theory:
THEY LISTEN TO THE NEWS!!
- * The news about the real estate market is primarily about foreclosures.
- * The news about the economy is almost all negative.
- * The unemployment rate make private sector employees feel insecure.
- * Their friends and family home owners owe more for their home than the present value.
REAL ESTATE AGENTS KNOW that:
- * The media thrives on bad news.
- * Folks need shelter/homes in every economy.
- * 90% of Americans are employed.
- * The mortgage interest deduction is a hedge against loss of equity.
WE REAL ESTATE AGENTS ALSO KNOW THAT:
American home owners will do what they need to do to provide comfortable shelter for themselves and their family.
Home owners seek homes in areas that provide them with schools of choice, entertainment choices, transportation alternatives, styles and types of homes that suit their lifestyle and family needs
Americans will always seek home ownership as a reflection of our independence and self expression.
THAT IS THE UNAMBIGUOUS TRUTH.
ARCHIMEDES knew!
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.
About The Author Barbara Martino-Sliva, Realtor® at TREASURE COAST/SOTHEBY'S INTERNATIONAL REALTY, VERO BEACH FLORIDA is the author of this blog and several other sites on the Internet. She has also been a guest speaker on an on-line radio program dealing with Florida and Vero Beach Real Estate and a columnist for the digital magazine FLORIDAYLIFESTYLEONLINE. Barbara is your Real Estate Connection in the Vero Beach area, and is always available to help you with your Real Estateneeds. If you have decided that quality of life in VERO BEACH is worth seeing, call her anytime at 772-321-4484 or to search for homes visit: www.VeroPremierProperties.com and her Vero Beach Blog: www.VeroBeachRealEstateVoice.com. Over 90% of all homes are found online. I create a dominating online presence for my clients properties. My Real Estate blog is highly indexed in GOOGLE.
"YOUR VERO BEACH REAL ESTATE CONNECTION"
Barbara Martino-Sliva, Realtor, CSP, TRC, e-PRO
Local Expertise.........................Global Reach
Fine Vero Beach Homes in "all price ranges".
www.VeroPremierProperties.com
www.VeroBeachRealEstateVoice.com
BARBARA@martino-sliva.com
772-321-4484
Copyright © 2009 and beyond Barbara Martino-Sliva, All Rights Reserved. Information is deemed reliable but not guaranteed.
Great post! I think, too, that those fence-sitters are starting to topple into action. Mainly in the entry level or investor-rental segment, still. I'm looking for an uptick into higher end residential offerings.
Now I really like that chart!
thanks
your friend for Charlottesville Real Estate
Barbara- excellent visual, which is always good to present to clients!