The country remains committed to government support for home buyers, according to a recent survey of U.S households.

Nearly 70 percent of those polled said the government should continue to support housing and some 65 percent felt the government should be doing more to keep families from losing their homes to foreclosure.

With the First time homebuyer credit of $8000 set to expire on
April 30th and the $6500 for qualified repeat homebuyers the spring market activity is picking up.

The economic recession, job losses and some uncertainty remains the largest barrier to growth in the housing market.Of the renters nationwide surveyed, 40 percent simply don’t have the money to buy a home.

The current inability of some homeowners to sell their current home in depressed markets remains the biggest obstacle. Many homeowners feel imprisoned by their home where the current value is below what they owe and some surveyed felt that homeprices were still too high too move forward.

Raleigh, continues to be one of the nations top places to live. Todays interview with Barbara Corcoran makes her case. The diverse economy of Raleigh and the greater Triangle explored.

http://www.hulu.com/watch/73633/nbc-today-show-housing-markets-most-likely-to-rebound-fail

Recent market events and the continuing injections of capital into automakers  and banks are all signs were heading for inflation. I personally just refinanced for a 4.625%- 30 year rate. Simply unbelievable ! Why would you not take advantage of such a great offer……..Again, at some point we’ll see inflation and were already beginning to see a resurgence in commodity prices. With the first- time home buyer credit of 8k , low rates and house price declines what more can you ask for?

To be fair the economy is still in recession and consumers need to be confident they have jobs, however, it’s a psychological barrier we all need to cross
Warren Buffett says get ready for inflation…
Giant debt levels require America to slowly default on loans.