Washington’s Impact on the Housing Market

By
Real Estate Sales Representative with DIR-USA.com

We Buy Houses - Owens Cross Roads AL: Trying to figure out how the real estate market works and where it may be headed is a matter of looking at several different factors, including all the way up the line to what happens in Washington DC as lawmakers put bills and proposals on the table and vote them up or down. Some of their proposals do indeed have to do with the housing market as that is probably the biggest and hardest hit industry in the US at this point.

Washington’s Impact on the Housing MarketWith the federal plans that have been presented to help homeowners out of their foreclosure situations and to help people to keep their homes, the market watches what happens there before they make real moves. For example, last year there was a big slowdown in foreclosure activity while real estate and lending professionals were waiting for the lawmakers in Washington to come up with a viable plan that would directly affect how they would do business. Foreclosure stalled for a few months, and then hit record numbers when they had the plan from the Hill. This was due to the President’s plan for a homeowner bailout, creating a moratorium of sorts for those that were facing foreclosure.

The moratoriums that are occurring throughout the US in different states are causing a false reading when the real estate market is analyzed. They create the idea that the foreclosures have slowed as more people are getting help in avoiding the problem. The reality is that this is what most, including experts, report to the public. It’s not a true reflection of the real state of the market and is somewhat more a reflection of what’s happening in Washington instead.

The bottom line is that whatever is happening in Washington may or may not have any real bearing on what is happening in your own home or even in your neighborhood. Look at your own finances and make your decision about whether to sell your house according to what you are experiencing now. If you are doing well and want to wait until the market recovers to sell your house for more, do it. If you are struggling to make your bills with nothing left over and you know there’s a better way, go ahead and sell your house. The situation that you are experiencing at home is the real story and that’s what you need to know when you decide whether to sell now or later.

Washington’s Impact on the Housing MarketWe Buy Alabama Houses! There are many reasons why you may have a house that won’t sell. We specialize in creating solutions that are win-win. Tax liens, over financed, too many repairs, estate sales, every situation is unique. We also want you to know there is something you can do that is far better than a FORECLOSURE… it is called a SHORT SALE.

We specialize in helping people during this difficult process. There are so many reasons why you may need to sell a house fast. What ever the reason, we can help, keeping your unique situation in mind!

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