Last week’s CI CyberNews CyberPoll asked if the housing market will be able to maintain its pace from the first half of the year, now that the tax credits are over. The majority of respondents (88.9%) answered no.
“The U.S. housing market is in horrible, horrible shape. Example: A developer in Northeast Ohio started a subdivision 4 years ago in an upscale suburban area. The developer built 15 homes; only about half have been sold, and in those past 4 years the developer has not constructed any additional homes of a total 33 homes originally planned. Until the U.S. economy improves and the unemployment situation improves, the housing market is going NOWHERE!! (Unfortunately)”
“Most housing experts estimate mid-2011 for a significant pick-up. “
“Govt. has no business trying to stimulate business. Better ways to accomplish this - cut taxes to create jobs, for example.”
“Until unemployment is brought under control, a person is a fool to make an investment in a new home.”
Many thanks to all of the CI CyberNews readers who have participated in our CyberPolls. Not a CI CyberNews subscriber? Follow this link to sign up for your free subscription!