Comments on: The flat line recovery: a side-effect of sticky housing prices http://firsttuesdayjournal.com/the-flat-line-recovery-a-side-effect-of-sticky-housing-prices/ Wed, 08 Feb 2012 04:44:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: James C. Foy http://firsttuesdayjournal.com/the-flat-line-recovery-a-side-effect-of-sticky-housing-prices/comment-page-1/#comment-51418 James C. Foy Wed, 09 Dec 2009 18:01:08 +0000 http://blog.firsttuesdayjournal.com/?p=2016#comment-51418 With foreclosure inventory that hasn't hit the markets and another round of foreclosures coming after the 90 day moratorium, we're likely to see another drop in pricing. Another thing that agents need to keep in mind is how the EPA and building codes affect properties. The EPA is currently working on requirements that older homes be upgraded for energy efficiency before they can be sold. This will cost clients in older homes thousands of dollars to meet the 30% upgrade in energy efficiency. With the increasing regulatory climate in Washington and Sacramento, we may not see a boom in 2015 because we are adopting European policies, we can expect to get European unemployment (12-18%) and the stock market is likely to fall when the commercial property assets of businesses lose value in the coming commercial correction in the real estate market. When the stock market drops, many 'boomers' may decide to stay working as their retirement accounts will not be what they once were. With foreclosure inventory that hasn’t hit the markets and another round of foreclosures coming after the 90 day moratorium, we’re likely to see another drop in pricing.
Another thing that agents need to keep in mind is how the EPA and building codes affect properties. The EPA is currently working on requirements that older homes be upgraded for energy efficiency before they can be sold. This will cost clients in older homes thousands of dollars to meet the 30% upgrade in energy efficiency.
With the increasing regulatory climate in Washington and Sacramento, we may not see a boom in 2015 because we are adopting European policies, we can expect to get European unemployment (12-18%) and the stock market is likely to fall when the commercial property assets of businesses lose value in the coming commercial correction in the real estate market. When the stock market drops, many ‘boomers’ may decide to stay working as their retirement accounts will not be what they once were.

]]> By: Annette Cloud http://firsttuesdayjournal.com/the-flat-line-recovery-a-side-effect-of-sticky-housing-prices/comment-page-1/#comment-51253 Annette Cloud Mon, 07 Dec 2009 19:13:57 +0000 http://blog.firsttuesdayjournal.com/?p=2016#comment-51253 I agree with this article! esp the comment about the employment market re-bound of 2015 - the baby boomers should be retired, hopefully... and the younger generation [there are less of them] will have their pick of the jobs! And I think it is vitally out the crime rate in neighborhoods that are considered for buyers, including Megan's Law. Good Article! I agree with this article! esp the comment about the employment market re-bound of 2015 – the baby boomers should be retired, hopefully… and the younger generation [there are less of them] will have their pick of the jobs!

And I think it is vitally out the crime rate in neighborhoods that are considered for buyers, including Megan’s Law.

Good Article!

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