Century 21 CEO Tom Kunz Discusses the Real Estate Market

Video Submitted by: Sam Cass
Real Estate


Century 21 CEO discusses the real estate market and of course he's not that gloomy. It's his job to keep the houses selling. He lists four factors that are key to homesales and points out that three of them are favorable.

 

Submitted: Nov 29, 2007    Views: 661    Comments: 0    Likes: 3   


Century 21 CEO discusses the real estate market and of course he's not that gloomy.  It's his job to keep the houses selling.  He lists four factors that are key to homesales and points out that three of them are favorable:

1) Jobs
2) Interest rates
3) Inventory
4) Strong economy

What I think he forgets is that while the economy is relatively strong, the factors that were unsustainably pumping money into the housing market is gone.  That is, the mortgage backed securities market has completely collapses and it is this market that flooded the real estate market with liquidity and cash which unsustainably drove up prices.  IThis is not a housing crisis, but rather a banking crisis.  Housing is suffering because of it.

 




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