Who do you believe will most influence real estate sales in 2012? Select up to 4 options.
- Mortgage bankers and lenders. (19%, 75 Votes)
- Buyers. (14%, 55 Votes)
- Investors and speculators. (12%, 47 Votes)
- Legislators and congressmen. (11%, 45 Votes)
- Sellers. (8%, 32 Votes)
- Credit agencies and FICO. (6%, 22 Votes)
- Appraisers. (6%, 22 Votes)
- Wall Street. (6%, 22 Votes)
- Brokers and agents. (4%, 14 Votes)
- The courts. (3%, 13 Votes)
- Bloggers and newspapers. (3%, 11 Votes)
- Other. (2%, 7 Votes)
- City councils and county supervisors. (2%, 6 Votes)
- Builders. (2%, 6 Votes)
- first tuesday. (1%, 4 Votes)
- The California Association of Realtors (CAR) and local boards. (1%, 4 Votes)
- The Multiple Listing Services (MLSs). (1%, 4 Votes)
- Businessmen. (1%, 3 Votes)
- The Department of Real Estate (DRE). (1%, 3 Votes)
- Educators. (0%, 1 Votes)
- Title companies. (0%, 1 Votes)
Total Voters: 118
first tuesday will release the results of this poll as a percentage similar to the January 2011 Market Chart, The 29 top brokers in CA by number employed.
If you feel another influential group or entity was left off the list, let us know in the comments section.
I think the top influences for 2012 will be the same influences for perhaps the next decade. Employment, foreclosures/supply and demographics. On the supply side since the banks can keep garbage on their balance sheets marked at whatever value they choose there is no need for them to push all delinquent properties into foreclosure at once. Instead they’ve chosen the path of a steady stream of forecosures. This could continue for a decade at the current pace of sales. Demographics shows that over the next decade the boomers will hit retirement. Many of them will be downsizing or renting in retirement leading to more supply of homes. Demand will not pickup until employment picks up. I doubt we’ll see actual improvements in employment numbers for several years. The Fed will not raise rates until the aforementioned influences are behind us. I see low rates for perhaps a decade.
Both Steve and Nick are correct. I also believe the public perception of the real estate market is the real key to a major change in real estate. The news reports and bloggers need to talk about the smallest improvements in the country the areas in the country that are improving. More positive news will help the market. Of course I know that areas with low employment will take a long time to improve, but don’t just focus on bad news. Let’s talk about the positive news, no matter how small. There is money being held by investors and home buyers, even in this recession. I heard about REIT’s forming to buy homes to for rental investment. This is news for homes buyers to consider in many areas.
Until we get through the NOD and foreclosed properties we will not be able to advance forward.
There is no common sense UW, because of Fed. regulations, that will allow the market to improve.
I believe builders will also have an impact on inventory/supply and home prices in 2012, as well as the Federal Reserve on interest rates.