Middle Class Woes

I recently read an article about how the middle priced homes are having the hardest time selling. The article said that the luxury home market is up and that the low priced investor market is also up. It pointed to the fact that the middle class is being squeezed right now and that they have been hit the hardest by the recession. They are not able to sell their home nor can they buy a new one. So in essence, this movement stagnates the middle market and it is a big concern for the housing market that is struggling to rebound.

I certainly can attest to it since marketing the Franklin, Greenfield, Greendale and other Milwaukee and Waukesha County areas. In many of the areas, prices have dropped to their lowest levels and still activity is slow. The move- up market is just not there and first time buyers are concentrating on the lower priced short sales or foreclosures, where no move-up seller is involved.

We really need to help all people get back to work and hopefully this reduction in unemployment will allow people to begin to use their purchase power so that the housing economy gets headed in a positive direction.