Sanders puts the correct spin on it:
REAL income dropped, savings dropped, expenditures on energy increased (Obama told us this would happen), and little else left for housing.
The politicians are adding to the problem by trying to block foreclosures where borrowers will never be able to get current. This keeps real estate prices from hitting bottom an clearing out the excess supply of homes. Also, the Obama unemployment creates more delinquencies than there would otherwise be.
A friend of mine got his Real Estate license after he retired. His wife did the same.
I was talking to him a few days ago and they have not sold a single property in over a year. He is just the type of guy to make a good one too and his beautiful young wife is also very smart.
Just got into it at a bad time.
There is an 11 year overhang in housing.
You cannot put a happy spin on this situation. It has to wind its way out on its own.
"It's a GREAT time to buy a home!!! The current inventory offers a wide selection of modestly-priced homes, sellers are bargaining, interest rates are at an all-time low, and many REALTORs are stretching their hours to take on new clients!!!"
"Hurry before someone buys that special dreamhome out from under you!!!"
"Call a REALTOR TODAY!!!"