Real Esate Blog

January 6th, 2009 12:11 AM
In a recent survey over half of the real estate brokers across the country reported a decline in housing inventory in their market. This sound like a real improvement since inventory much match buyers to have the market begin to stabilize and thus improve. Even if accurate, I'm afraid this may be a temporary thing and conditions may actually get worse before they get better. I fear the large job losses are going to create even more foreclosures and our goverment is still doing little to alleviate this crisis. Out of work people are going to have a very difficult time staying current on their mortgage and without help we could see many more foreclosure coming on the market. Perhaps the new administration's economic plan will address this, but I'm always skeptical of positive goverment action so we will just have to wait and see.

Posted by Phil Turner on January 6th, 2009 12:11 AM

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