It’s a Mixed Bag
Lawrence Yun, the National Association of Realtors Chief Economist says, “Tightening credit market and pessimistic buyer psychology are the two key factors in the nation’s current housing slowdown.”
Get on the Sidelines
Mr. Yun speaking to 400 on Thursday at Crye-Leike Inc.’s national conference in Sandestin, Fla., tells Realtors, “I see tighter credit availability and buyer psychology as the two key ingredients holding people back from buying homes today. I believe the confidence of buyers has been shaken by the current crisis on Wall Street and the ongoing housing slowdown. It has resulted in many buyers remaining on the sidelines.”
A Little Cautious Goodness
Mr. Yun went on to say “While the economy will be sluggish for the next three quarters, we can already see recovery out west in California, Nevada and Arizona and we’re also starting to see an increase in home buying in South Florida.”
The Basics
Reading between the lines, your real estate farm area just became the sidelines if you want to remain in the game as your shot at driving sales will be directly speaking to consumers about incentives to buy.
read source Crye-Leike Realtors
