Rising Sales...That's Good, Right?

By
Real Estate Agent with Keller Williams

Let me see if I understand the equation the world wants us to believe. Everyone is having a great time with the fact that housing numbers seem to be on the upswing. But there are so many conflicting numbers and experiences I wanted to see if it made any sense to anyone, because I certainly do not buy it.

--Home price have gone up 7% in July, but Foreclosures are up 7.2% in the same period.

--Unemployment is at 9.5% and rising.

--Most agents on ActiveRain report longer waiting times for Approvals.

--Most agents on ActiveRain report less cooperative Lenders asking for more money.

--Many agents on ActiveRain report multiple offers and brisk business as there are less properties on the market.

How can this all be? Well, there are now reports coming from California and Florida that Lenders are actually holding back, stalling or postponing Foreclosures in order to artificially control the flow of properties that come onto the market. They are seemingly trying to control the supply in order to raise the demand.

Is that fair? What of the homeowners stuck in mortgages they cannot pay and trying to rid themselves of a burden they can no longer shoulder? The Lenders, again, put their GREED in full display to the detriment of the country.

What say you?

Posted by

Sidney Jimenez, CDPE

www.RoadtoForeclosureRelief.com

www.SidneyJimenez.com

Contact Me: 954-665-9449

Or Send Me an Email to Go Over Your Foreclosure Relief Options: Info@SidneyJimenez.com

Sidney Jimenez is a Certified Distressed Property Expert and can help you with all your options to avoid a Foreclosure in Pembroke Pines, Miramar, Coral Springs, Margate, Davie, Weston, Southwest Ranches and the neighboring cities in South Florida. You can count on Sidney’s expertise to handle your Short Sale, he’s “Delivering Winning Results”

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Rainer
14,544
Jeff Glick
BCHloans - Dunwoody, GA

I'm with you Sidney, can't seem to put my finger on reality.  not really much for personal plugs like to write organically, but whether you do business with me or another lender choose a correspondent lender that underwrites in house - we're still closing loans in 10days.  However, I do agree the requirements are tighter, not much we can do about that.  

 

Aug 26, 2009 12:44 PM #1
Rainer
33,404
Joel Posner
Foundation Realty - Adrian, MI

all I can say is I'm smiling Sidney. Business is up and I believe that the worst is behind us. Even if unemployment is still rising, there will still be substantially higher home sales do to investors and the unaffected. Some of us are bears still I guess.............. I wish the best to you and Jeff.

Aug 27, 2009 03:22 AM #2
Rainer
32,233
Sidney Jimenez
Keller Williams - Miramar, FL
CDPE, Short Sale Expert, 954-665-9449,

JOEL,

You can be happy...the point is not to expect a recovery.be ready for another dip as I think will happen towards the end of the year.

Last time, most agents weren't prepared and the downturn destroyed many..let's not fall into that trap and make our own minds as to where the market is going.

We WANT the market to turn, but that doesn't mean it will..and we have to be ready if it doesn't.

 

Thanks Jeff

Aug 27, 2009 10:39 AM #3
Rainmaker
160,731
Satar Naghshineh
Satar - Amiri Property and Financial Services Corp. - Irvine, CA

Sidney, I think you are smart enough to make money in any market. It shouldn't make a difference to you at all. I make more on short sales than on retail listings.

Aug 28, 2009 01:01 AM #4
Rainer
32,233
Sidney Jimenez
Keller Williams - Miramar, FL
CDPE, Short Sale Expert, 954-665-9449,

SATAR,

Hope you're right, but beyond anybody being smart...I think the real key is being ready. And to be ready you need to see what is going and not just follow what is being said.

Aug 28, 2009 11:52 AM #5
Rainer
33,404
Joel Posner
Foundation Realty - Adrian, MI

I can agree with that. The best offense is always a good defense....... keep bloggin!!!!

Aug 28, 2009 06:35 PM #6
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Rainer
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Sidney Jimenez

CDPE, Short Sale Expert, 954-665-9449,
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