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Ambassador
1,538,984
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I rubbed my crystal ball but it wouldn't show me the future.  For now I work and I save.

Aug 16, 2015 11:14 PM
Rainmaker
694,698
Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

Closer to the latter.

Nov 11, 2018 02:27 AM
Rainmaker
1,514,571
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

When it comes to housing recovery, it's all about affordability.  Most people want to buy homes... whether it be a first time home, move up or scale-down.   If they can afford them they will.  When they can't they won't.   Right now, I think rental prices are driving people who don't even want to buy homes to consider it.  It's kind of crazy... so John McCormack needs to get that crystal ball working!

Aug 17, 2015 12:55 AM
Rainmaker
1,599,288
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

The latter.

Aug 16, 2015 10:50 PM
Rainmaker
1,079,001
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Speaking for San Diego's 7 major industries and Real Estate Market; we've recovered and are conservatively growing, compared to other markets in CA.

We're more worried about water at the moment; send rain please.

Aug 16, 2015 10:49 PM
Ambassador
4,847,141
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

We probably have another year before the correction, unless somebody does something stupid like start a trade war, or other war.

 

Mar 24, 2018 11:33 PM
Rainmaker
699,027
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Depends who wins the White House next year.

Aug 18, 2015 10:52 AM
Rainmaker
1,157,329
FN LN
Toronto, ON

In Canada, news reports are saying that we are moving back towards recession.

Aug 17, 2015 05:38 PM
Rainmaker
746,614
Bob Force (REALTOR®)
Century 21 - Redwood Realty - Mount Airy, MD
The FORCE in Maryland Real Estate

I wish I know.  

I have buyers that are holding off to the spring of 16.

I know of sellers who want to sell while the interest rate are low and people can afford the monthly payments for the value they want out of the home.

Aug 17, 2015 09:45 AM
Rainmaker
1,676,510
Winston Heverly
Winston Realty, Inc. - Atlantis, FL
GRI, ABR, SFR, CDPE, CIAS, PA

This is what I'm reading & hearing is an ongoing recession for the middle and lower classes who do the majority of working and spending in this country. The rich continue to spend their stock market winnings at exclusive boutiques and high end retailers like Nordstrom, but the average American is being sucked into the abyss by rising food prices, rent, home prices, tuition, and the Obamacare driven health insurance and medical costs. With declining real wages, they have less and less disposable income to spend buying cheap Chinese goods at their local mall department stores along with everything else. Very concerning needless to say.

Aug 17, 2015 07:30 AM
Ambassador
928,385
John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

I think things are propped up artificially, but I don't know if difference between what we see and reality would drive us all the way to recession. 

Aug 17, 2015 07:21 AM
Rainmaker
4,798,978
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't know.  Though, I don't think we're heading for another recession.  Consequently I'm not sure how strong this so called recovery is either.

Aug 17, 2015 05:44 AM
Rainmaker
598,041
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

The economy is still staggering and hasn't yet recovered from the 2008 crash.  Home prices are about 10% below their peak.  Young people are just beginning to start thinking about home ownership.  Jobs are back but wages are stagnant at best.  We are no in a stable economy but just at the beginning of a long term upward trend.  Bidding wars are still our future.

Aug 17, 2015 03:12 AM
Ambassador
934,229
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

The data that present this morning was not stellar. We are just holding steady as a economy goes. 

Aug 17, 2015 02:30 AM
Rainmaker
586,145
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Our market is for sure in recovery...I expect it to stay that way.

Aug 17, 2015 02:22 AM
Rainmaker
832,128
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

What do you expect a recovery to look like?

Is the expectation a mirror image of the previous false economy created by Bank of America?

What we are experiencing right now IS THE ECONOMY.

What happens in China may have more to do with our future and economy than those things we perceive to have control over.

Aug 16, 2015 11:30 PM
Rainmaker
798,967
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

We're still in the same recession. It never ended. No end in sight.

Aug 16, 2015 11:11 PM
Rainmaker
292,385
Jack Lewitz
IL Real Estate Specialists - Evanston, IL

I think it is a slow recovery but this is an election year and real estate is down on the list. I think the job market numbers are going to cause the fed to raise interest rates and that is going to have an impact on some buyers trying to enter the market and the new Closing documents are going to push delays affecting stats  which are always 60-90 days old. 

Aug 16, 2015 11:00 PM