Sam Shueh, mba, cdpe, reopro, pe (   (408) 425-1601)

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Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

The housing industry has done what it needs to do for an economic recovery. Yes that are jobs being added but incomes are not matching the increase on housing or the cost of living. Also corporate debt is at an all time high with $29 Trillion being added to worldwide debt since 2009. The other issue is spending is down and tax cuts for the top tier does not increase the spending required for a society based on consumption driving economics. Add to that the older generation has woefully inadequte reserves for retirement so spending is less there also. A stronger middle class would help but now the middle class is being defined as making $250,000 a year or more. Let's hope that instead of spreading fear we have parties that will work the problems.

Feb 05, 2016 02:09 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Hello Sam,

We are use to thinking short term instead of long term.  We all seem to want immediate gratification, and the term in this instance is "not enough! the predicted numbers we not met".  Someone forgot that prediction is by definition not accurate.

Feb 05, 2016 02:02 AM
Rainmaker
7,788,039
Roy Kelley
Retired - Gaithersburg, MD

Many retirees are worried.

Feb 06, 2016 03:47 AM
Rainmaker
5,190,916
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Many of the jobs were entry level positions and people back in the job market over 55. Don't read much into the unemployment rate. Those qualified for management positions are leaving the market and not counted. It's government work! If the numbers don't work, reclassify who you count!

Feb 05, 2016 09:23 PM
Rainmaker
2,759,787
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Sam Shueh . I think most folks think short-term and set of long term.

Feb 05, 2016 05:32 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Sam Shueh isn't it a human nature?

Sometimes it's just people and sometimes media scaring public.

We are doing great with no inflation - however we are all connceted in World Economy. (And I am with you, why should it impact us?)

Feb 05, 2016 01:32 PM
Ambassador
3,159,899
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I think the unemployment numbers are crap.  Many people no longer counted in them because they've exhausted all benefits and given up looking for work.

Feb 05, 2016 12:06 PM
Ambassador
6,352,545
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

I see a lot of fluctuation everyday, but i doubt that any real tanking is taking place just moving stocks from those who panic to those who do not.

Feb 05, 2016 11:01 AM
Rainmaker
140,768
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

I don't see people putting on the brakes, more waiting until tax returns come in.

Feb 05, 2016 09:51 AM
Rainer
94,105
Val Evans
Scottsdale, AZ

Wake me up when the S&P hits 1000. That would be a market tank. Money will always move where the action is.

Feb 05, 2016 08:36 AM
Rainmaker
4,272,424
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Real estate has always been a wealth builder. 

Feb 05, 2016 07:45 AM
Rainmaker
175,614
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

With the market doing bad, I am seeing more and more people talking about RE as an investment.  Like this is some kind of new idea?  Many people were scared of RE as an investment and it is getting better now.

Feb 05, 2016 07:39 AM
Rainmaker
1,498,148
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

They're waiting for that other shoe to drop.  Too much instability in the world economy and a very rough start to the year.

Feb 05, 2016 07:34 AM
Rainmaker
4,134,302
John Pusa
Glendale, CA

Sam Shueh  People are concerned on the economy.

Feb 05, 2016 07:10 AM
Rainmaker
846,475
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Silly knee jerk reactions. People need to chill out.

 

Feb 05, 2016 06:01 AM
Rainmaker
1,839,786
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I don't think you client truly understands the economy. It's more than the stock market.

Feb 05, 2016 05:43 AM
Ambassador
3,339,049
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Sam,  I like John Meussner comment.  I am not seeing buyers putting on the brakes.

Feb 05, 2016 05:26 AM
Ambassador
1,074,141
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

If income increases while assets shrink, no one is getting any wealthier.  That said, there is a ton of uncertainty.  Any increase in income will need to be substantial in order to offset increased costs of healthcare and other necessities.  The employment numbers are a huge deal, because a rallying labor market was one of the only consistent economic strengths of the past 12 months - if that slows down, even a little bit, it's not good.  Long term, with where rates are, it's a great time to buy.  Short term, we could be staring at another recession, and that's a scary prospect to a lot of people who are just now feeling some sort of recovery from the last go around.

Feb 05, 2016 04:37 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For those with new jobs and a raise, the future looks bright.  For those watching their investments shrink, it is a bit scary.  As with many things in life, it all depends on which side you are on.

Feb 05, 2016 03:42 AM
Rainmaker
2,168,165
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Hasn't affected us yet ?

Feb 05, 2016 02:39 AM
Rainmaker
2,775,511
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Morale is a strange dynamic that affects everything. When you have a high morale, anything is possible for the good. When a low morale, all is suspect

Feb 05, 2016 01:56 AM
Rainmaker
760,253
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Sam Shueh I see stability in the market, home prices are still below the price that buyers are willing to pay and many millennials are ready to purchase a home.  The crashing stock market could lead people back into real estate just like it did in 2001

Feb 06, 2016 04:54 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I just think it is the weather and not the economy.

Feb 05, 2016 09:08 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Markeet has been up one day dowwn the next for most of the last 2 weeks...Day traders preying on the nervous and less experienced

Feb 05, 2016 06:15 AM