A RISING TIDE LIFTS ALL BOATS

By
Real Estate Agent with Re/Max Professional Associates 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.
 
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the car to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community

Comments 14 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
94,655
Wayne Long
Homes for Sale In Fort Benning Ga
Columbus Ga Real Estate, LLC - Fort Benning - Phenix City
I think we all feel that a lift is happening. In our area higher priced homes are beginning to sell again.
September 18, 2012 03:37 AM
Rainmaker
624,561
Wayne and Jean Marie Zuhl
The Last Names You'll Ever Need in Real Estate
Hallmark Realtors

Good morning  - Those numbers form Nevada and Florida are huge! In our neck of the woods, prices haven't risen but the demand has increased so we're starting to see a smaller (not small, just smaller) inventory. Only good things ahead!

September 18, 2012 03:41 AM
Rainmaker
1,000,870
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

Great news Wayne.

Keep the good news coming Jean & Wayne.

September 18, 2012 03:46 AM
Rainmaker
1,342,632
Sally K. & David L. Hanson
WI Realtors - Luxury - Short Sale - CDPE, REDS
Keller Williams 414-525-0563

   We are already seeing neighborhoods where the demand exceeds the supply...multiple offers...over asking...love it !

September 18, 2012 03:54 AM
Rainmaker
851,761
Wayne Martin
Sales Manager - New Homes & Condominiums Division
Michael Saunders & Company

Conrad, we have a long way to go in Florida but we are making progress. We are beginning to see multiple offers and rising prices in the lower end categories. Also, new construction is beginning to take hold and labor shortages are  becoming an issue!

September 18, 2012 03:58 AM
Rainmaker
1,076,659
Wallace S. Gibson, CPM
LandlordWhisperer
Gibson Management Group, Ltd.

Conrad - IMHO * if they don't have a JOB and can't pay their MORTGAGE NOT being underwater just offers them LESS options if they need to sell....

September 18, 2012 04:05 AM
Rainmaker
1,387,644
Roger D. Mucci
Lets shake things up at your home today!
Shaken...with a Twist 216.633.2092

Yeah, still too many homeowners under water................

September 18, 2012 04:25 AM
Rainmaker
1,000,870
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

That is great Sally & David.

At least is has started Wayne.

We need employment numbers to rise Wallace.

Way too many Roger.

September 18, 2012 04:41 AM
Rainmaker
1,023,495
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

Good morning Conrad,

And still the media doesn't talk about the positives...which doesn't make sense since they want the current Administration to stay in Washington.  You would think they would be shouting all day long about anything positive right now!

September 18, 2012 05:57 AM
Rainmaker
444,038
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
1,000,870
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

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
1,023,495
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
94,655
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
1,000,870
Conrad Allen
Webster, Ma, Realtor
Re/Max Professional Associates

Just frustrating and so wrong Lisa.

Well said Wayne.

September 28, 2012 08:10 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the printer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
1,000,870

Conrad Allen

Webster, Ma, Realtor
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information