Simply put, the issue is fundamental supply and demand. There are just too many homes for sale on the market. If we can get Americans to pull their homes for sale off the market then we immediately alter the supply side of the model.
Phoenix, AZ (PRWEB) March 1, 2009
TheGreatAmericanHousingRecovery.com announced today the launch of its new site, which is designed to enlist the power of the American public to take matters into their own hands when it comes to turning around falling home prices. The site provides a forum for Americans whose homes are for sale a way to voluntarily commit to taking their homes off the market effective July 4, 2009. The goal is to immediately impact the laws of supply and demand and restore home prices so they align to realistic valuations.
As defined by Investopedia, "supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy."
Since 2007, millions of Americans have seen untold fortunes and dreams lost as a result of questionable lending and borrowing practices. Countless millions more honest, law-abiding Americans have become sideline victims as they try to sell their home for legitimate reasons only to find their home's value has dropped precipitously. Despite this, the majority of focus on assistance has been to directly benefit those that participated in the questionable practices.
America was founded on the principles that government is of the people, by the people, and for the people. Granted, the government has taken drastic steps in the last six months to assist with the recovery of the housing market, but much more needs to be done.
"Yes, there are other fundamental issues with our economy, but the housing market led us into this recession and the housing market will lead us out. It just won't be solely at the hands of the government, it will be to some degree at the hands of the American people," said TheGreatAmericanHousingRecovery.com. "Simply put, the issue is fundamental supply and demand. There are just too many homes for sale on the market. If we can get Americans to pull their homes for sale off the market then we immediately alter the supply side of the model."
Homeowners with their homes for sale are encouraged to visit The Great American Housing Recovery to register and show support by making a commitment to take their home off the market for 90 days (and ideally 180 days) on July 4, 2009.
TheGreatAmericanHousingRecovery.com was created in the spirit of the American people whose legacy of action is the foundation for this great nation. Our goal is to bring together homeowners under the common goal of restoring home prices and regaining some portion of the value lost in recent years.
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The Great American Housing Recovery