{"id":67,"date":"2011-03-14T23:12:13","date_gmt":"2011-03-14T23:12:13","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=67"},"modified":"2011-03-15T00:28:55","modified_gmt":"2011-03-15T00:28:55","slug":"no-housing-rebound-expected-until-2012","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/no-housing-rebound-expected-until-2012\/","title":{"rendered":"No Housing Rebound Expected until 2012"},"content":{"rendered":"

\"Housing<\/a>During more traditional times sellers may\u00a0welcome the Spring as a time when they\u00a0start receiving\u00a0more activity on their home.\u00a0 It seems that once the\u00a0snow starts melting home buyer’s start to heat up their desire to buy their dream home and sellers are the beneficiary.\u00a0\u00a0Last year, homeowners had the benefit of this Spring time home buying season along with\u00a0huge tax credits provided by the government for first time home buyers.\u00a0 This greatly impacted the housing market in the\u00a0Spring but stalled the market later in the year when no credits were available.\u00a0<\/p>\n

This year there are no credits to help stir the housing market and homes have lost even more value then they had last year.\u00a0 Home owner’s who have already dropped their sales price down may have to continue to price drop.\u00a0 Home owner’s also have to compete with a gluttony of foreclosure listings sold at a discount.\u00a0 Because of this home analysts have delayed the housing recovery they called for this year\u00a0until next spring.\u00a0<\/p>\n

This information is\u00a0starting to sound familiar and repetitive.\u00a0 There are just too many vacant homes and excess inventory\u00a0on the market that need to be dealt with first before the real housing recovery can begin.\u00a0 \ufeff\ufeffIt makes one wonder if anyone actually knows for sure when the market is going to pick up or if this is the new normal market.<\/p>\n","protected":false},"excerpt":{"rendered":"

During more traditional times sellers may\u00a0welcome the Spring as a time when they\u00a0start receiving\u00a0more activity on their home.\u00a0 It seems that once the\u00a0snow starts melting home buyer’s start…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-67","post","type-post","status-publish","format-standard","hentry","category-local-michigan"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t