{"id":855,"date":"2008-12-08T14:35:10","date_gmt":"2008-12-08T19:35:10","guid":{"rendered":"https:\/\/bhgrealestateblog.com\/?p=855"},"modified":"2024-12-30T14:50:49","modified_gmt":"2024-12-30T19:50:49","slug":"attention-agents-brokers-builders-lenders-we-have-some-work-to-do","status":"publish","type":"post","link":"https:\/\/bhgrecareer.com\/bebetterblog\/attention-agents-brokers-builders-lenders-we-have-some-work-to-do\/","title":{"rendered":"Attention: Agents, Brokers, Builders, Lenders\u2026 We have some work to do!"},"content":{"rendered":"

\"\"When I saw the headline in the Saturday New York Times entitled \u201cIt May Be Time to Think About Buying a House<\/a>\u201d, I thought to myself\u2026\u00a0 \u201cGood, a positive article about the housing market.” A few of those, coupled with the rumored drop in the 30 year fixed to 4.5{0a8e414e4f0423ce9f97e7209435b0fa449e6cffaf599cce0c556757c159a30c},\u00a0 might just be what we need to begin to turn things around and kick-start a housing recovery. After all, it has been said that the return of a stable housing market will lead us out of the recession we are currently in (and have been for the past 12 months).<\/p>\n

Then I started reading all of the comments on the article made by potential home buying consumers, and I realized as an industry, we have some work to do ourselves to help consumers regain confidence in real estate as a long term investment. To be honest, consumers are scared. They are scared that they cannot qualify for a mortgage, so they aren\u2019t even trying. They are scared if they step up and buy, the prices will plummet even further. They are scared of losing their down payment. While we are starting to see some positive light at the end of the tunnel in some locations across the country, it\u2019s going to take more than a few positive media stories to help consumers feel comfortable enough to actually make an investment.<\/p>\n

What can we do as an industry to help?
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