The graph above showed the total number of exiting home sales in Queens, Nassau & Suffolk. Usuallly the activity in Febuary is lowest in a year.
From the graph you may see:
Febuary 2008 is 47% lower than July 2007.
Febuary 2009 is 52% lower than July 2008.
Febuary 2010 is 39% lower than July 2009.
Number of sales in July 2010 is 1858, if the coming Febuary in 2011 repeat the history and let say just lower than this July by 40%, the number will be 1115.
There are over 2400 real estate offices (over 10,000 agents) in the area, we need more stimulus.
Kin, please . . stimulus and government intervention aren't going to help and likely just make it worse for the long haul. I bet there are Agents in your market who are killing it right now. Work hard, work smart and you be the stimulus. We have to stop looking for the Federal government to solve all are problems.
Best of luck to you!
Stimulus is part of the problem! That is why it is called "Stimulus!" It is a false external force. Free markets could have healed this nation already!