Public Perception of the Housing Market
House prices likely to bottom out in early 2009. Agree?
The above poll is open to anyone in the BuzzDash community (comprised of people creating and voting on hundreds of poll topics). Today, I’m not interested in asking anyone to take a poll, rather to see the results of this particular poll. They may change by the time you see them, but at the time of publication, the results show the following:
70% of voters agree
30% of voters disagree
Voters have not commented, so I can’t be sure of the reasoning behind their votes, but it is really intriguing what public perception (at least in this group of people polled) is regarding the bottoming out of housing prices.
Whatev, Why’s That Important??
This is crucial information because it shows that people see an end in sight to all the bad news. Despite the doom and gloom of any presidential election period and despite traditional media’s insistence that the real estate Armageddon is upon us, 70% of people believe that we’re soon to hit bottom. This is good news, y’all. People finally see an end in sight which makes practicing real estate easier because more time is spent with each client discussing their individual transaction rather than easing fears about the entire global market.
August 17th, 2008 at 11:10 pm
Good stuff Lani.
I’ve always thought trying to time a perfect time (or ‘bottom’) is extremely difficult to do. Even more important, a potential homeowner needs to consider the cost of money (unless they’re paying 100% cash..) when they’re buying.
With the recent additions of additional fees from Fannie Mae (and likely to closely follow… Freddie Mac), money isn’t getting cheaper. It’s important to measure the cost of ownership. Price isn’t everything!
You rock. Keep killin’ it in Austin!