Jack Hipolito Fernandez Comments on "Real Estate Rebound"

NEW YORK, NY, September 04, 2012 (Press-News.org) For several years now, Americans have heard constant reports about the negative state of the real estate market. These reports have been so frequent that many Americans likely doubt they will ever hear positive real estate news. In recent weeks, however, many economic commentators have begun to speculate about a "real estate rebound," with recent sales numbers seeming to confirm their optimism. At the same time, other commentators remain skeptical, or at the very least cautious. The debate over the true state of the "real estate rebound" has won the attention of experts like Jack Hipolito Fernandez, a realtor based in the Los Angeles area.

Some of the reasons for the speculation over a market rebound stem from recent home sales data. In fact, the month of July was the best month for home sales since 2005, with national sales figures rising by an astonishing 27 percent. During that same month, Massachusetts reported an almost 23 percent jump, with roughly 5,000 homes changing hands within that relatively narrow span of time.

Even so, there is reason for caution, Jack Hipolito Fernandez says, in a new statement to the press. "To be sure, there is ample reason for excitement, but that excitement should be mixed with just a bit of conservatism," notes Jack Hipolito Fernandez. "The reality is that 5,000 homes sold in July of 2012 is nothing to scoff at, yet it still falls well short of the July 2005 numbers, which were closer to 7,000. This may have been the best month in a long time, but we are not quite out of the woods just yet. There is improvement, but also uncertainty."

Fernandez goes on to say that there are further market considerations in play. "Certainly, macro economics are a factor," he says. "There is a lot of economic uncertainty, despite some tentative movements toward recovery." Jack Hipolito Fernandez cites everything from the election season to lingering uncertainties in Europe as reasons for continued caution.

Further uncertainty stems from the current political climate. "There are likely going to be some massive federal budget cuts that could significantly shake up the real estate market early next year," Jack Hipolito Fernandez confirms. "That depends slightly on the outcome of the upcoming election, and whether the president and Congress can reach a compromise. The bottom line, though, is that there are a lot of unanswered questions hanging over the real estate market, so while there have been some good signs, there are also some reasons to not jump for joy quite yet."

Fernandez is a realtor who lives and works in Los Angeles. He offers services in both commercial and residential real estate.

ABOUT:

Jack Hipolito Fernandez is a realtor and partner at his family's real estate company, HF Realty. Fernandez earned his business degree from California State University. He specializes in commercial and residential property in the Los Angeles area. Jack Hipolito Fernandez is committed to helping families find their dream homes and works to educate consumers on the housing market.

Website: http://jackhipolitofernandez.org