June 13, 2008
I love Trulia Voices. It allows the consumer…the prospective home buyer or seller to obtain information from real estate agents in the areas where they have an interest. One of my pet peeves is that these agents mainly try to sell them sleves and don’t answer the questions given to them. Read more
Las Olas may be the most prestigious and exclusive neighborhood in all of Fort Lauderdale....
Sleek elegance and a futuristic style of architecture make La Rive one of the most...
Rio Vista, is a luxury, upscale waterfront home community on the southeast side of the...
Harbor Beach, is a luxury, upscale waterfront home community on the southeast side of...
Wilton Manors homes for sale in Wilton Manors, Florida. Wilton Manors is an island city...
Located in the northwest corner of Broward County, this suburb of the Fort Lauderdale...
Lauderdale By the Sea is a beach-front city in just north of the Fort Lauderdale real...
Imperial Point is located at the north east end of the Fort Lauderdale real estate market...
I love Trulia Voices. It allows the consumer…the prospective home buyer or seller to obtain information...
“If the government used home prices in the CPI reading, you’d see the biggest deflation since the ’30s”
Cramer predicts another 10% to 15% decline nationwide, and 40% to 50% peak to trough declines in bubble markets. He calls the Fed “reckless” and actually goes further and says that the Fed is a “radical right wing” organization.
What does this mean for those in the real estate business and for those in the market for a new home.
Well, that depends upon who you talk to. Real estate agents who primarily “list” homes and do little else are in for a tough time in the near future if Cramer’s predictions hold true. Accordingly so will the seller clientele of these so called “listing agents”.
If prices continue to trend downward as Cramer and other economists feel is likely, it will become increasing hard for listers to actually sell homes. If the market continues to decline as Cramer says and it drops an additional 20% or more, you are going to find sellers wiped out and in order for them to sell they may have to bring large sums of cash to the closing table. Read the story »
