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Boston Apartments: Defying the Real Estate Bailout Business Articles | January
21 Ethan Pocic
Jersey , 2009
Potential homebuyers need to know what they can afford. They will learn this
by dealing with banks that are hesitant to lend. They will learn this by saving
capital. Also, the market itself needs to stabilize. Right now it is saturated,
still over-priced, and stagnant. With a bailout, these conditions will escalate,
not evaporate. If the market works out of its current state through
genuine Will Dissly
Jersey , healthy sales, it will create a more secure futureone
that maintains stability and prospers.

2008 will be known as the year of the bailout. From Wall Street to Detroit,
organizations were pulled up by their bootstraps by the Federal government,
which doled out nearly 500 billion dollars in projected stimulus
packages.

Now the real estate market is calling for its own bailout. This
might seem audacious to some people. After all, the real estate market is
largely responsible for some of our current economic woes.

Boston Real
Estate Now recently posted an article about the situation on its
blog.

The latest batch of home sales numbers looks pretty grim. Pending
sales in November fell to their lowest level on record, the National Association
of Realtors reported yesterday.

The anemic sales are just the latest sign
that a whole bunch of would-be buyers suddenly got cold feet this fall after the
stock market went crazy and the global financial system appeared on the brink of
a meltdown.

The index tracks contracts to purchase homes Rashaad Penny
Jersey , deals in the pipeline that have yet to officially close.
The Northeast and the Midwest had the worst numbers.

This news may or may
not come as a surprise. It depends on whom youve been listening to. Some
optimistic realtors and economists have explained that the recession is in some
ways good for the market. With home prices dropping, more people will buy.
Right?

Yes and no. If you have the capital and can secure an adequate
loan, then now might be a good time to buy. And, with prices plummeting, why
not? But if you dont have the capital, if you are a first time homebuyer or
have less than stellar credit Kam Chancellor
Jersey , now is not the time to buy, as your chances of securing an
adequate loan are slim.

Other, less optimistic realtors and economists
are the ones calling for the bailout. In their eyes, the real estate market is
in dire straights. It needs some sort of stimulus to gain its footing. It needs
taxpayers money to help it out of its rut.

This is one bailout that
shouldnt be granted. Look at it this way. Potential homebuyers need to know
what they can afford. They will learn this by dealing with banks that are
hesitant to lend. They will learn this by saving capital. Also, the market
itself needs to stabilize. Right now it is saturated, still
over-priced Doug Baldwin
Jersey , and stagnant. With a bailout, these conditions will
escalate, not evaporate. If the market works out of its current state through
genuine, healthy sales, it will create a more secure futureone that maintains
stability and prospers.

More from the article:

"A real
estate-focused stimulus plan is urgently needed," said Lawrence Yun Earl Thomas III
Jersey , NARs chief economist, in a statement.

I guess it
was only a matter a time before the Realtors applied for a spot in the bailout
club.

Banks are the charter members. Home builders, hospitals and
developers have all since been lobbying hard since for a spot in this lucrative
club.

Still, dont think NAR has gone totally doom and gloom on
us.

Yun, the chief economist, is still predicting a 6.6 percent increase
in home sales this year and a slight increase in median sale price as
well 12th Fan
Jersey , to $198,100.

My advice? If you can afford to buy a
new home, watch the market for price dips and new listings. Chances are
something attractive will appear. If you cant afford to buy, dont. Save; learn
more about the market and work hard to boost your credit. In the meantime, its
a good time to rent. Boston is an expensive city. But even here the prices for
renting an apartment are not astounding. If you are waiting to buy, its your
best option.

Article Tags: Real Estate Market Michael Dickson
Jersey , Real Estate, Estate Market

Global Medical Device Security Market To Reach $7.5 Billion By 2022,
Increasing At A CAGR 7.4% From 2017 To 2022

by shri · January 11, 2019

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Jersey , software firms, and services firms. Insight into the
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