Realtors Association

NY 986

Well-known Member
Anytime I see one of their spokesmen giving an interview I have to laugh. Saw one on the local news talking about a survey which indicated the local housing market was stagnant in terms of units sold. This guy was talking about there are a number of units listed but not sold and he said the asking price was too steep. Well that may very well be the case but as long as the homeowners are not asking the government to bail them out while their homes are listed that is their right to put any price on they wish. I think the real reason the market is slow is because these clowns put ideas in people's minds a home should appreciate at least 10 percent annually. Any time I see a national interview or advertisement for the National Realtor's Association(s) all they do is talk about how the economy is rosey and how people need to jump on these great opportunities before they miss out. Part of the reason people are dazed and confused when it comes to managing their money. The industry burned through a hundred years of appreciation in a little over the last twenty years and now things by and large are flat. They created it so now they can live with it.
 
I think it's a mind game they play with us. If they say the economy is getting better people may start spending more even if the economy isn't getting better. There's an old saying.

"IT ALL STARTS AT HOME"
You should know how much you can spend and afford.
 
Yea they always say NOW is the time to buy a house,land or whatever.Of course they were saying the same thing back in 07 just before the market plunged.In the historic home values vs average incomes houses are still overpriced considerably.
 
Real estate agents get paid when the property is sold. It"s their job to convince people to buy/sell. So yea, consider the source.
 
Hard to sell housing when all the young professionals are exiting NY. Gov. ramed through his 'Gun Bill" which will also drive Remington Arms out of Upstate NY, and another 1200 direct jobs gone, plus all the associated businesses where these people spend their wages. His current add says for us to urge our reps to pass his budget quickly, because it's all about "JOBS' in Upstate NY. What a joke. I won't get into the fraking issue.
Loren, the Acg.
 
getting a loan is the biggest pitfall, even with A+ credit rateing banks do not want to loan money at the low interest rates we have now,...BTDT
 
And right here at least the assessors have caught the same disease.
As long as we still have the antiquated horse & buggy property tax, assessors could do a service and try to keep values realistic.
They were so far behind, and couldn't keep up for so long, that now they have gone the other way.
There are several big, old farm houses, in rough shape, on approx. 1.5 acres each, on this road. They are assessed in general for around $95,000. About half that would be more appropriate, then the other half could be spent making the place livable.
 
The mainstream media would have you believe that housing is making a recovery, but truth is, it's just barely turning up from the bottom. It will be many years before home sales and/or prices approach what they were. About the only thing good about the housing market right now is that interest rates are at rock bottom. IF you can get a loan.....
 
My father used to say New York went into the great depression, and never came out.
The guy from Conn I sold our last NY place to went to the county tax sale about a year ago. He doubled the acreage for about $3000. I am talking about 200 acres for 3 grand. People downstate that bought it all from my mom's relatives 40-50 years ago-'for an investment'. the decendants lost it all to taxes. Not a very good investment was it? They should have bought a couple vets or Mustang convertibles and pushed em into a garage for 40 years.
But, yeah, now 'his' taxes will be hard to handle, life in the northcountry goes on... till there is no one living there except state employees... which was Mario Coumo's idea in the 80's wasn't it? Nothing changes for the better in New York...
 
Just read an article this morning. At the end of 2012 there were 1,273 houses on the market in Sacramento, Calif. That's less than a months worth of houses for sale. In 2007, there were 8,965 homes for sale at the end of that year. That is close to a years supply. And that was in one of the hardest hit areas. Around here it is the same story. My realtor claims there are not many good homes for sale anymore. The biggest problem going forward is going to be the shortage of trained subs. A lot of guys went out of business and are no longer around. Kind of the same with processing a loan. You used to could get an appraisal and have the loan ready for closing in 3-4 weeks. Now they claim it takes at least 6 weeks to close. Main reason there is the lack of appraisers. I myself see the activity level has picked way up. Usually March brings people out to make plans to build but this year it started at the end of Jan. already. Different areas will take longer but it is all good in the housing sector here. in SE. SD.
 
the banks, loan companys, etc, are the biggest PITA there is, they all want to help you lower your payments and save you money, i've filed to refinace my home with others loans to make a liveable payment, they tell me that i'm not working, [on winter layup with job, getting unemplymt] if i'm making payments i told them, be back to work in couple of months, how is it not possible to refinace me and help me then?
 

We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today.

Back
Top