West Pasco Real Estate Blog

Market Conditions
February 28th, 2007 2:06 PM

I don't want to jinx anything, but woo hoo, the real estate market is really heating up.  I'm so glad to see that the market has stabilized and people are showing confidence in making home purchases again.  As a Realtor, obviously, this affects me and my wallet greatly, but what amazed me was how far-reaching the effect of a troubled real estate market was.  Mortgage people, banking people, restaurant owners & staff, homeowners unable to borrow from equity and make home improvements, contractors, pool people, the list goes on and on.  When people have less money, they spend less money and it affects everyone!

Our lawmakers appear to have finally jumped on the bandwagon to make some changes.  Are they a drop in the water?  Maybe, but at least they've halted the proposed increases that were looming.   In my opinion, it certainly took lawmakers forever to address the insurance issue while the economy continued to dive.  Why it took 6 months to schedule a meeting to address a pressing issue is beyond me.  I would like to say, though, that our local Representative, Mike Fasano, seemed to be the only lawmaker who had a clue as to what was going on - he saw that we were in crisis.

Anyway, more later.


Posted by Mark & Irene Hallisey on February 28th, 2007 2:06 PMPost a Comment (0)

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