HOME PRICES CONTINUE TO DROP FOR EVERGREEN COLORADO REAL ESTATE
U.S. home prices fell again, says the the S&P/Case Shiller composite index, and consumer confidence continues to slip. The joblessness has scared off many would-be buyers. The housing market is anemic and the life blood of the American economy income is dwindling away. Lower paychecks and soaring inflation is bleeding out the demand; and the Obama administration is flustered and dumbstruck.
Existing home sales, new home construction, foreclosures, and rising unemployment has the economy on life support with the Federal Reserve injecting America with a steady drip of worthless cash printed by Bernanke. Jobs in all income brackets from low to high are leaving our shores in record numbers. Investment capital too is fleeing America, running from the administration’s inflation tax which is destroying whatever equity remains in American portfolios.
The glut of homes on the market insures low prices for years to come. There is also a superabundance of homes in the shadow market-homes that are home listings which have expired or sellers who are waiting to sell their homes when the market improves?
The outlook looks bleak for would be home sellers with no real relief in sight.
It’s time for new solutions for old problems. Perhaps renting with an option to buy, owner financing, of buying a foreclosure. Give us a call at markenglishrealestate@msn.com and lets analyze all your options. Visit un on the web at evergreencoloradoliving.com or evergreenrealestate.org and we will put a plan in place for you. Please call us at 303-674-0148.