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Today: Real Estate Stimulus D Day

Posted on February 18th, 2009 11:02am by Candy Evans
Filed under Barack Obama, Realtor News, Realtor's Fees and Commissions, Wall Street meltdown, broker news, brokers, real estate economics

President Obama is detailing his plan for helping homeowners struggling to stay in their homes and explain just how the umpteen billion stimulus package will help jazz up the housing market. What I have heard from local experts: we are in for a spring market like we have never seen — volume wise. Folks who have not had homes on the market, those waiting on the sidelines, are signing listing agreements left and right. Allie Beth Allman has — are you sitting down — more than $800 million in listings. Consumers, say many experts, think that we may have hit the bottom.

Have we?

Meantime, check out this letter to President Obama from Mortgages Unzipped: we need loans and we need them now.

One Comment to “Today: Real Estate Stimulus D Day”

Highway 6 @ February 18th, 2009 at 1:34 pm

Hit bottom? Maybe. But could it also be that there are lots of people who want/need to get cash out of their homes, and they see this as their opportunity?

One thing’s for sure: It’ll be interesting.