Real Esate Blog

Like most things the answer is yes...and no. Yes the feds are flooding the market with dollars and this is helping the lenders at risk for sure. But no, the extra cash is not showing up in any way to assist to homebuyers who are worried, about their jobs and the overall economy. So the market, for the near future is still going to heavily favor buyers and not sellers. Really, I don't know how the feds could make a real impact on the housing market. If they could create more jobs and make people feel more secure, then more people would buy and help the sellers that are desparte to sell. This would help balance the market but how they can accomplish this is beyond me. So I feel we will be in a buyers market for some time to come, certainly well into 2009.

Posted by Phil Turner on March 22nd, 2008 6:51 PM

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