RealTown's RealTalk

In around 60 seconds, you can share your opinion and view on market conditions in your area with REALTORS® around the country-- and be part of an important new industry report published monthly by Point2. Make sure your voice is heard.

Please fill out the survey before November 10th, 2009.

In exchange for providing your opinion, you'll be among the first to receive the complete Real Estate Confidence Index report for October 2009. The data, presented as an Index, aims to paint a picture of how REALTORS® feel their markets will look 3-6 months and 12-18 months from now. This is the only 'forward looking' market Index we know of that presents data on a State by State basis. This survey does not use mathematical projections, instead, it is based on the opinions of those who know their market best!

You can quickly give your opinion here.

You can also see the October results and request the full report at http://RealEstateConfidenceIndex.com.

Ok, somebody turned the faucet back on: after nearly six months without an inquiry my phone started ringing 90 days ago and continues to ring more and more.

Israel Rothman

Pam Jerrigan responded to a "survey" with the following remark.

Central Texas has not had the price depreciation or foreclosure rates seen in other parts of the country, but they have affected our market to some degree. The Tax Credit has given an upswing in sales, and will continue to do so, if buyers can find financing. I believe that when the tax credits end, our housing market will fall again. I also think that the loan modifications that have been done will come back into default in the next few months and start the foreclosure process all over again. The same thing will probably happen to the refinancing that has been subsidized by the government - these home owners will be back in default within a year. If job losses continue, all bets are off - the housing market will not be able to recover until that trend reverses itself and people are back into full-time employment.

Why in the world would this response not be acceptable by the survey regardless of format or what ever excuse that was given? This is exactly what has been going on for the past several years. The problem isn't affordability the problem is nobody has any cash or income that can afford what ever price is out there. Why??? Because you can not have appreciation until you have growth and if there is no growth then it stands to reason NO appreciation! The problem we face is WASHINGTON DOESN'T GET IT! They've never gotten it! It's not their responsibility to GET IT. As long as Government continues to pay back those who created this melt down the longer this economic nightmare will continue. You can not manipulate the market in order to produce a fair outcome. The Communists proved that just like the Socialist Workers Party of Germany proved it back in the 30s. History my friend is repeating itself sorry to say! Unfortunately the heathen has crossed our borders and there is little we can do about it. Even our military leaders believe that DIVERSITY is greater than OUR DIGNITY But we still have a Constitution if anybody is willing to read it?