Minnesota Real Estate Investors Association, Inc.

Minnesota Real Estate Investors Association, Inc.

Have Housing Prices Stabilized?


While the government wants us to believe that the recession is over and the economy is heading back in the right direction, all the indicators show something completely different. Housing prices in particular are heading back down in many areas, as I have predicted several times in the past on our weekly training calls.

CNBC even talked about it the other day on their Power Lunch news show.

Jobs are the biggest reason in my opinion. While the Unemployment rate has dropped below 10%, the number of people unemployed is still growing, currently over 17%. The unemployment rate only counts the number of people currently collecting unemployment benefits. It does not count the number of people whose benefits have expired and are still unemployed.

This is why housing prices will continue to decline, now that most firs time homebuyers have already taken advantage of the tax credit and even more people are losing their jobs. I agree with Diana Olick that we will see more pain in the housing market before it is over.

Please feel free to post questions and comments below. While I can write to no end about my experience and observations the real metal comes to the surface when you ask questions because that is how I can provide you with help and information that can help you directly!



houses for rent2/11/2012

indyshanr@gmail.comTwo years later, I think or at least hope we are seeing the bottom of the housing market. I know some areas have help up well while others have been badly hurt. We had a rental property in Louisville that we ended up short selling for half the price of what we had originally tried to sell it for about four years ago.

farmville cheats2/23/2011

cloisteredwareh@googlemail.comInteresting blog, not like the others!

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