way too much housing inventory

az1971 | Jan 15, 2013 02:33 PM ET @GenerationX | Jan 15, 2013 01:43 PM ET There was a time when we could trust newsmen (Walter Cronkite) but sadly those days have past. ------------------------------------------- So true. Now it`s about sensationalist opining instead of reporting, all in the name of ratings and one-up-man-ship. If you believe the government`s reporting of the unemployment rate, things should be looking up in the job market. But since they conveniently ignore the labor force participation rate, they`d much rather call unemployment 7.8% instead of 10.4%. Lower = better for lying to the American public.

beachbum40 | Jan 15, 2013 02:37 PM ET All BS - way too much inventory. No reason to pay seller`s price. Let the seller sit on his house.

IL_Smartone | Jan 15, 2013 03:46 PM ET Housing in Illinois has a long way before recovery. I sold my home last yr for $250K. It was 3200 sq ft finished. I then bought a home outright for $175K out of town in better school district. My taxes are still right at $5000 per year and they were $6600 per year. Taxes here are outrageous. I know a homeowner that built during housing boom at $812K, now home is worth $650K at most. Taxes are $21K every year on it too. Right now many homes selling in under $200K range, but few in the new market above $300K. Home has to show perfectly to sell and be priced right or seller is wasting their time. I am not near Chicago but in central IL. Job market is so..so.. with people that have college degrees obviously getting better jobs. Biggest down fall is%2

theendisnear | Jan 15, 2013 07:42 PM ET It`s ok if you have 20 people living in a two bedroom house... Just hope you have two bathrooms.

Bulletman357 | Jan 15, 2013 11:44 PM ET Housing is still over priced

Bulletman357 | Jan 15, 2013 11:46 PM ET I blip in the down ward spiral in home suckership






Start a Conversation - Add Comments

Your Comment: ( Please enter all fields and security code. )

Name:
Email:
Website:
Topic:
Comments:
 
Word Verification:
 

Latest Comments

Consumer Sentiment was at a all time high - taxwarrior | Dec 7, 2012 10:33 AM ET Hey they lit the White House Christmas Tree last night. Come on get going in the orgy of consumerism. Save the economy borrow and spend. If it`s good enough for t... - by speed48

US New Home Sales Fall, but Sector Remains a Bright Spot - Yakov72 | Jan 25, 2013 10:07 AM ET "New Home Sales Drop to 369,000 in December, Less Than Expected"(c) Hysterical header. And some would say that CNBC spreads "panic" and "drama". Consensus was 385K.... - by Fall13

house prices are up doesn`t mean that sales are up - SnowByrd51 | Feb 26, 2013 09:38 AM ET Hello!! Just because prices are up doesn`t mean that sales are up!! Could it be that the distressed housing market has already been bought up by investors. In en... - by Lou654

Homeowners Rise Above Water on Mortgages - duck33 | Feb 21, 2013 11:29 AM ET If we had rule of law in this country none of this would every had happen. Guess what we still do not have rule of law so there is nothing keeping this from happenin... - by Kang5422

Housing Starts Fall as Northeast Feels Effects of Sandy - go@PTSC | Dec 19, 2012 08:49 AM ET Do you know how a volcano erupts? It builds and builds pressure until an EVENT happens. I see a parallel to that with PTSC. A lot of good news on legal issues. Too ... - by NYC54ZP



way too much housing inventory

Real Estate Agent Directory

Are you looking for a real estate agent in your area? At housing news blog, you can search for your local realtor and real estate service by using our agent search features.

Real Estate Agent Directory

Get listed!

Are you a real estate agent? Get listed for free with us! Complete a real estate agent profile form and get listed in a few days. Click on the link below to get started!

Free agent profile!