Bailout REJECTED: What’s Next For The Housing Market?
September 29, 2008
The House has defeated the proposed $700 billion emergency bailout plan.
While Congress continues to debate the next steps for helping the financial markets, what effects will this government bailout have on the housing market?
For a recap of the historic vote on the $700 billiion emergency bailout, click here.
The bloggers behind GetMyHomesValue.com’s Home Value blog have been feverishly searching the web for the best analysis online about the impact of the bailout on the housing market.
Check back frequently for an ongoing, updated list of the latest news about the housing market and the bailout online.
LATEST UPDATE: 9/30/2008, 12:17 p.m.
- House Urged To Revisit Bailout Vote 9/30/2008 (Inman News)
- Bailout’s Failure Bad News For Housing Market 9/29/08 (International Herald Tribune)
- Bailout Package Necessary, But Only First Step 9/29/08 (Center for American Progress)
- Ultimate Cost of Plan to Take Years to Determine 9/29/08 (Wall Street Journal)
- The Long And Short Of Bailout Impacts 9/26/08 (Inman News)
- House Prices And A Bailout: What Gives? 9/25/08 (Motley Fool)
- What Bailout Means For The Housing Market 9/25/2008 (Las Vegas Sun)
- Will Bailout Help the Real Estate Market 9/22/2008 (NPR)
- Bailout May Give Housing Market Some Breathing Room 9/22/2008 (LA Times)
Agents Build Strong Brand in Face of ‘doom and gloom’
September 18, 2008
Despite all the bad news lately, is it really that bad of a time to be in real estate? Consider these tidbits of good news on the housing market that we found published recently in between all the gloom and doom:
- Half of the nation’s MSAs (Metropolitan Statistical Areas) show price appreciation when refinancing appraisals are considered. (The Real Estate Bloggers)
- 35 states showed positive first quarter appreciation when compared to the same quarter of 2007. (RISMedia)
Many markets across the country seem to be stable. Why is there so much hype of gloom and doom in the housing market? A case of signal to noise ratio, say some.
How should Real Estate Agents respond to the “gloom and doom?”
So what are real estate agents to do to calm fears of home sellers in today’s market? Get their voice heard above the static. Online is obviously the place to go to make your voice heard, where any agent can reach up to 80% of its audience through the creation of a blog or website.
One important thing agents should remember during a down time is to not cut marketing spend, says GetMyHomesValue.com’s Dave Conklin. In an article published today in the online edition of RISMedia, featuring GetMyHomesValue.com, Conklin notes that even at the expense of personal income, “marketing is the last thing any business owner should cut during an industry down time.”
GetMyHomesValue.com connects real estate agents with local clients who want to discover their home value and need help with real estate services. For more information on their industry-leading suite of internet marketing services designed specifically for real estate agents, call 877-545-3237.
Real Estate Valuations - Discovery Process
September 17, 2008
After several years in your current home location, the time has come to sell and find yourself a newer (and hopefully bigger) piece of the “American Dream.” Maybe you’ve been watching the markets and realize that now is the time to refinance your home. Whatever your reason, today you have decided to find your homes value.
Who Should You Hire to Discover Your Your Homes Value?
Unfortunately, most people are not real estate professionals. Without having the knowledge of the current state of the housing market in your area, how can you truly assess the value of your home? Simple - recruit a professional real estate agent.
Why Should I Consult A Real Estate Agent?
Neighborhood sale prices and bedroom/bathroom counts are obviously important in determining how much your house is worth, but computer programs don’t have the ability to consider the “human element” of the housing market. Without hiring a real estate professional to perform your house appraisal, the only thing you can do is wonder - how much is my house worth?
GetMyHomesValue.com connects people just like you with local real estate agents who want to help you discover your true homes value and help with any real estate needs.