REALTORs see Stimulus Bill as possible Housing Stabilizer
May 23, 2008
The National Association of REALTORs has come out in support of the stimulus bill that as a means of helping to stabilize the housing sector. It is hoped that this will help slow down the home foreclosure rates that are rampant in many parts of the country. This can be achieved, it is believed, by allowing those persons that are in financial difficulty to be able to qualify and refinance their higher interest rate loans into a lower monthly payment that would enable them the opportunity to continue making payments on their home loan instead of possibly going into foreclosure.
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Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
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