A RISING TIDE LIFTS ALL BOATS

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Real Estate Agent with Re/Max Professional Asociates 74203

 

This idiom, coined by John F Kennedy, describes the idea that when an economy is performing well, all people will benefit from it.  The rising home values, according to CoreLogic, have helped 1.3 million homeowners lose their "under water" status.  That is great news but still a long way from helping all under water home owners.
There are still 10.8 million home owners under water. Nevada (59%), Florida (43%), Arizona (40%), Georgia (36%) and Michigan (33%) are the top five.  If we can have values rise 5% then another 2 million home owners will slip the shackles of negative equity.
It is important to remember the real estate is a finite product.  Supply will not satisfy demand in the near future.
 
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Rainmaker
433,726
Gay E. Rosen
Honest, Hardworking and always Professional!
Houlihan Lawrence

Hi COnrad -   Mortgage rates are unbelievably low..a  great time to buy... there will always be people who need to selll whether for retirement, illness, relocation of they are under water... but at the end of the day people need jobs in order to purchase..

September 18, 2012 06:20 AM
Rainmaker
919,973
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Asociates

The media is a mixed bag of liberal beliefs and actions Joy.

That is the bottom line Gay.  As Biden said a three letter words - jobs, jobs, jobs.

September 18, 2012 09:58 AM
Rainmaker
924,860
Lisa Von Domek
....Experience Isn't Expensive.... It's Priceless!
Lisa Von Domek & Associates LLC, Real Estate Broker/Associate with Real Living Real Estate Group www.LisaVon.com

So true Conrad, so true...catering to the current Administration - which is why none of the mainstream media seems outraged by the fact the President Obama didn't have time to meet with Mr. Netanyahu, but had plenty of time to fly to New York and be on Letterman.

September 19, 2012 02:07 PM
Rainmaker
94,155
Wayne Long
Homes for Sale In Fort Benning Ga
Columbus Ga Real Estate, LLC - Fort Benning - Phenix City
Ok I agree with jobs, jobs, jobs. But.....we need private sector jobs instead of government created jobs!
September 28, 2012 05:21 AM
Rainmaker
919,973
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Asociates

Just frustrating and so wrong Lisa.

Well said Wayne.

September 28, 2012 08:10 AM
Anonymous
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Rainmaker
919,973

Conrad Allen

Webster, Ma, Realtor
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