Offering real estate, life tips and social media information to the Sonora, Twain Harte, Mother Lode, Copperopolis, Lake Tulloch, Calaveras and Tuolumne County areas of California
Sorry to have to rain on your parade but aren't you being a lil' over-zealous about some of your ingredients? First of all the job market would appear okay if real, and I do mean, REAL unemployment wasn't 14% - 17% unlike the bogus info we get fed on a weekly basis. When is the next round of job layoffs? If the housing industry reeeeally wanted to jump start things, then mortgage rates should be more in line with the 10-year Treasury bond which lenders always cite as being the bellwether for mortgage rates, and then retract this "principle" when this benchmark rate heads lower. After all, lenders are borrowing at negative interest rates. Why not pass a lil' more on to prospective buyers, especially before Treasury rates reeeally start heading up? Housing prices certainly aren't encouraging current homeowners who feel like they were sold a bill of goods back in 2007 - 2009. And don't get me started on real estate agents as it seems there is only one good one for every twenty lousy ones. Sorry I'm not a part of the Realtors' Admiration Society. Someone has to offer the other side to your recipe because I know wayyyy more people who still aren't convinced that the economy has turned 'cuz they have to live it every day than those who think we're on the right track. I'm not looking for people to agree with me. I just can't let things go when I hear things that entirely aren't accurate. If you are saying that your recipe is a few years still in the offing, then I would agree with more with what you're saying here. Otherwise, isn't it a bit self-serving for realtors to keep telling us things are getting better, pressuring prospective buyers into believing that mortgage rates are going exceedingly higher when in reality they should be falling now with where the 10-year T-Bond is, and doing business in a way that make buyers feel like they're only in it for the commission? Just sayin' . . . . .
This is a very good idea for the real estate recovery. I like this blog. Thanks for sharing.
ReplyDeleteHomeowners Association Management
This is good. Hopefully we can "mix" in all of these ingredients for a better California Real Estate market.
ReplyDeleteThanks for sharing.
Sorry to have to rain on your parade but aren't you being a lil' over-zealous about some of your ingredients? First of all the job market would appear okay if real, and I do mean, REAL unemployment wasn't 14% - 17% unlike the bogus info we get fed on a weekly basis. When is the next round of job layoffs? If the housing industry reeeeally wanted to jump start things, then mortgage rates should be more in line with the 10-year Treasury bond which lenders always cite as being the bellwether for mortgage rates, and then retract this "principle" when this benchmark rate heads lower. After all, lenders are borrowing at negative interest rates. Why not pass a lil' more on to prospective buyers, especially before Treasury rates reeeally start heading up? Housing prices certainly aren't encouraging current homeowners who feel like they were sold a bill of goods back in 2007 - 2009. And don't get me started on real estate agents as it seems there is only one good one for every twenty lousy ones. Sorry I'm not a part of the Realtors' Admiration Society. Someone has to offer the other side to your recipe because I know wayyyy more people who still aren't convinced that the economy has turned 'cuz they have to live it every day than those who think we're on the right track. I'm not looking for people to agree with me. I just can't let things go when I hear things that entirely aren't accurate. If you are saying that your recipe is a few years still in the offing, then I would agree with more with what you're saying here. Otherwise, isn't it a bit self-serving for realtors to keep telling us things are getting better, pressuring prospective buyers into believing that mortgage rates are going exceedingly higher when in reality they should be falling now with where the 10-year T-Bond is, and doing business in a way that make buyers feel like they're only in it for the commission? Just sayin' . . . . .
ReplyDelete