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Where do we go from here?

Published On: August 2, 2010

The Views expressed here are the opinion and only the opinion of the Designated Broker Tom Peterlin. Any informaton gathered and provided from resources such as the Arizona MLS is considered to be approximate in nature. It is strongly recommeded that Buyer & Buyer's agent and Seller & Seller's agent verify any and all information presented in this format.

As of today, the overall market for inventory supply for housing stands a6 6 months. 6 months is considerd the balance between buyers & sellers in terms of market supply & demand. If this trends stays around 6 months, it will indicate that we are at a "normal" level of inventory and thus a right mix of equal buyers & sellers. If the market of housing inventory expands, it will tell us that the housing market is going through another double dip recessionary period.

Presently, the federal government is pushing out large quantities of low interest money to help provide more refinancing and purchasing of housing. Once refinancing sets in, it will allows concumers to have more disposable income and pay debt down even further. Inflation, a pesky historical concern has remained abated, and for the time being is not a concern.

How the housing market plays out the 3rd and 4th quarters of this year may have a significant impact on how consumers view United States economic recovery. Is the glass half empty or half full?

Please call me at 480-703-1414 or email me back at tom@c21seago.com  with comments or to request more information.

Best wishes,

Tom Peterlin

Century 21 Seago, I