The economy, the housing market, the credit crisis, bank problems, they all seem intrinsically connected to the condition of the housing market.
I don't think many people out there would try to convince you that the current housing market is totally healthy (though many places are better than others and many areas have had large increases in sales - but that's fodder for another post).
That said, what if the government actually incentivized the consumer to go out and eagerly buy homes? What would that do to the economy, the housing market and all the rest?
How do they do that? Create greater demand with a limited supply - basic economics!
For instance, what would happen if the Federal Government suddenly announced that instead of throwing more money at the large corporations, it would subsidize the next 100,000 people (or whatever the economic experts say would be sufficient) who bought homes and give them a 30 year fixed loan at 1.0%.
This would significantly cut their payment, even when compared to today's low rates, and would free up that extra money to be spent on other things, which I'm told would stimulate the economy.
Think about it. Would people who have been sitting on the fences trying to decide, decide that now might the time before the limited number of subsidized loans was gone?
What if there was then a second round at say 3.0% for those who didn't react quickly enough?
Would that drive still more people who have not been certain if now is the time because they missed out on the first round?
What do you think would this make any difference? Would it make you go out and buy a home? What are your thoughts?
Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!
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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.
Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about my system which will make your buying and selling experience easier.
Click Orange County homes for sale to view all OC homes for sale.
Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied.
Copyright © 2009 by Christine Donovan, All Rights Reserved. If I Sell My Home as a Short Sale, Will I Ever be Able to Buy a Home Again?
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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? For more information see Options to Foreclosures, understanding short sales or contact me at christine@donovanblatt.com to discuss your options.
If you want to buy a home or to list your property for sale, please click Newport Beach homes, Costa Mesa homes, Huntington Beach homes or Orange County homes. Click the link if you are interested in buying a home at a courthouse auction sale.
Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.
Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.
Federal Government Disclaimer (MARS)
- You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject or accept the offer, you do not have to pay us.
- Christine Donovan, DonovanBlatt and Donovan Group are not associated with the government, and our service is not approved by the government or your lender; and
- Even if you accept this offer and use our service, your lender may not agree to change your loan.
Click Orange County homes for sale to view all OC homes for sale.
