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I tried talking to real estate agents and mortgage brokers about the housing crisis and the fannie mae and freddie mac mess. I asked them for their opinions on how it will affect the housing market from here on.
But they don't want to talk about it. Even those who are happy to talk to me about general real estate and mortgage stuff, they clam up so tight when I broach the subject of the crisis. Why is that?
Is it that they don't know, or they just don't wanna admit that they're complicit for the current mess? The way they've been clamming up lately tells me it's the latter.
I can not speak for other people, but our sales are down some. Days on the market are up, but houses are still moving here in Columbia. The market always ebbs and flows and in my opinion, this is no different. Times are tough in a lot of markets and foreclosures have risen. But, like always I am a firm believer that the market will bounce back as it always does.
I see you are in Houston. As you know most of TX is doing fairly well with pockets of foreclosures.
Why do you think that is ?
Surplus of land kept housing prices cheap and therefore little/no bubble and bust, unlike other places in the country. You do know that, being a real estate agent?
Now, what's your opinion on the Fannie Mae/Freddie Mac mess, and how will it affect the housing market?
There are dozens of agents on here talking about it every day. So it doesn't seem as if anyone is avoiding the subject.
Are you just calling different offices and asking thier opinion?
If someone stops me in the supermarket and asks me about housing, of course I will talk to them but maybe the agents are getting a bad vibe from you or something.
Surplus of land kept housing prices cheap and therefore little/no bubble and bust, unlike other places in the country. You do know that, being a real estate agent?
Now, what's your opinion on the Fannie Mae/Freddie Mac mess, and how will it affect the housing market?
On the street level I don't think FM/FM mess will affect the average Joe. I believe if needed Uncle Sam will keep them solvent. They are to big a piece of the system to let them fail.
On the street level I don't think FM/FM mess will affect the average Joe. I believe if needed Uncle Sam will keep them solvent. They are to big a piece of the system to let them fail.
Here's hoping that won't be necessary... i.e. we don't pay more taxes. Thanks.
Are you just calling different offices and asking thier opinion?
If someone stops me in the supermarket and asks me about housing, of course I will talk to them but maybe the agents are getting a bad vibe from you or something.
Well, I've been corresponding to them via email. I asked 20 different professionals country-wide, and the only response I got was from my own real estate agent.
This was my email to my real estate agent, whom I've corresponded with before many times. The email was similar for the other people, but without the personal touch.
"Hi xxxx, how are things? Just wanted to say hello, and to let you know that I'm just waiting to see what happens with the housing market now that we all saw what's happening with Fannie Mae and Freddie Mac and the housing bill being debated in Congress. Depending on what they do, I may still proceed with buying a house in January, or wait another several months into Fall of 2009. What's your opinion on the housing bill and the Fannie Mae/Freddie Mac mess?
Keep in touch!
DCNative"
And the sole response was:
"Hi"
That's it. Seriously, I ain't kidding! I emailed back asking if she hit the "send" button too soon, and no response thus far.
Yesterday I heard that in our community there are 60 properties in foreclosure and we have 400 homes. Do the math.
We are not in a bad community what so ever and there are communities aroud here who are really having a worse time, so I guess we have to say we are okay....
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