answersLogoWhite

0

The main problem with the housing market IMO are the appraisers. The bottom will never really recover unless the lenders come to an agreement with the appraisers that are so afraid they will loose their license by giving a property a true value based on recent sales AND COST REPLACEMENT! Therefore we ALL are watching our property values drop like rocks. I am a licensed builder and real estate agent and what I have seen going on the past 4 years is very disturbing. You can't buy the materials to construct homes for most of the appraised values I am seeing here in GA.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Is housing market in Edmonton going up?

Yes, the housing market in Edmonton is on the rise.


When was Housing Market Renewal Initiative created?

Housing Market Renewal Initiative was created in 2002.


What is a sentence using the word housing?

The housing market went booming this year


What housing market is the best to put his house on?

I think the best housing market is the newspaper. It will be out to the public, and you will have a better chance at renting it out. Also, a lot of people look in the newspaper for housing ads.


What does the housing market look like for Hampton VA?

The housing market for Hampton, VA is on the rebound. The housing bubble has lowered the market when compared to a few years ago. However, in recent monthly comparisons, the Hampton, VA is showing improvement.


How is the housing market in Phoenix?

The housing market varies from state to state. Checking with a Realtor might better answer your question. It really is a buyers market. So buyers can be as choosy as they'd like.


What is the Regina housing market like?

Point 2 Homes and Regina Realtor have a very accurate of portrayal of the housing market in the area. It is currently a buyers market for people interested in the area.


Where is the best housing market in Spain?

banbury


What is the market cap for Senior Housing Properties Trust SNH?

As of July 2014, the market cap for Senior Housing Properties Trust (SNH) is $4,824,158,792.96.


Why is there a need for new housing in the UK?

Probably because of the growing population and housing rate in UK that had surely affected the housing market.


What is the housing market?

It reflects the confidence of the home-building profession in the long-term market


What makes each housing market unique?

Each housing market is unique due to factors such as location, local economy, employment opportunities, demographics, amenities, and overall demand for housing. These factors can influence property prices, rental rates, market trends, and housing supply, creating distinct characteristics for each market. Additionally, regulations and policies specific to the area can also impact the dynamics of a housing market.