Your Neighbor in Real Estate: Ventura County Real Estate Recovery and Car Sales

Ventura County Real Estate Recovery and Car Sales

 

Ventura County Real Estate Recovery and Car Sales


Can Increased Car Sales be the Harbinger of Real Estate Recovery in Ventura County?Car Sales



Low rates and consumer confidence have combined to new car sales that
exceeded last years total by 16%. Used car sales went up 8% from last
year.



David Greiner, president of Greiner Buick-GMC in Victorville said of car
sales, "We are the first item purchased when the recovery starts,"


Greiner said. "You may repair it when things are getting worse. When the
economy starts to recover, you start to make long-term investments."



Factory production of motor vehicles and parts jumped 5.2 percent during July, helped by automakers replacing inventories depleted because of the March 11 earthquake in Japan, according to the Associated Press.



Well, if it is true as David Greiner says and the auto sales are the first item purchased when the recovery starts, then I say it has started here and now! WooHoo!!


Sandy Acevedo ~Your Neighbor in Real Estate ~ Whether it is to buy or sell property

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Comment balloon 13 commentsSandy Acevedo • August 22 2011 09:01PM

Comments

Hi Sandy, Buyer confidence is certainly what we need to get that recovery going in the right direction. Good to hear that more cars are being sold in Ventura County.

Posted by Jerry Newman, Texas REALTOR, San Antonio Military Relocation (Brown Realty, 210-789-4216,www.JeremiahNewman.com) over 7 years ago

Hi Jerry, Hopefully buyer confidence in that area will translate to real estate.

Posted by Sandy Acevedo, RE/MAX Masters, Inland Empire Homes for Sale (951-290-8588) over 7 years ago

And to think that we almost lost General Motors, and we did lose Mercury and some others.

P.S. Now I can say I know someone in Oxnard. I always loved that name. Was there once a decade ago.

Posted by EC, JF, Double R and Zoey the Cool Cat (Russel Ray Photos) over 7 years ago

I will be adding to the car buyers later this year.  My car is about 6 years old and I plan to take on last road trip before the purchase and then go for it.  I'm not looking forward to a car payment again, but I have to have a reliable car with a warranty.

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) over 7 years ago

Hi Eric, Yes now you know someone here. Visit again!

Tammy, especially  in real estate, having a dependable car is a must have. What are you getting?

Posted by Sandy Acevedo, RE/MAX Masters, Inland Empire Homes for Sale (951-290-8588) over 7 years ago

These kinds of large purchases have to be good news for the economy... we can stay positive that things will improve!

Posted by David Artigliere, ARTI Home Inspections, ASHI Certified Home Inspect (Reading, Pottstown, Norristown, Philadelphia) over 7 years ago

Amen to that, David. Thanks for reading my post.

Posted by Sandy Acevedo, RE/MAX Masters, Inland Empire Homes for Sale (951-290-8588) over 7 years ago

Sandy, I usually cringe when real estate and car sales are used in the same sentence but in this case, it sounds very positive and let's hope that we are beginning to see the economy pull out of the mess.  Consumer confidence is key and jobs are critical to restoring consumer confidence.  In 2008, our country's problem was liquidity, today it's consumer confidence.

Posted by Donna Yates, Blue Ridge Mountains (BHGRE - Metro Brokers) over 7 years ago

Sandy, any kind of sales improvement is good for the economy, at least workers have incomes to pay for their mortgage and prevent foreclosure.

Posted by Kwee Huset, Venice Florida Homes For Sale (Kwee Huset Realty) over 7 years ago

Donna, I know what you mean about the same sentence- funny! You are right about consumer confidence.

Hi Kwee, ~so true~ a good economy fosters public confidence.

Posted by Sandy Acevedo, RE/MAX Masters, Inland Empire Homes for Sale (951-290-8588) over 7 years ago

Sandy - any sales numbers that go up are good news for the economy they show signs the economy is recovering despite the clouds in the sky. created by the rain dancing press

Posted by Kathy Clulow, Trusted For Experience - Respected For Results (RE/MAX All-Stars Realty Inc. Brokerage) over 7 years ago

Hi Kathy, so true. We need those recovery signs. Thanks for stopping by.

Posted by Sandy Acevedo, RE/MAX Masters, Inland Empire Homes for Sale (951-290-8588) over 7 years ago

I wonder how our car sales are doing.  I think commercial real estate is doing better in our area, or commercial construction seems to be starting up, so I hope that it snowballs.

Posted by Maureen McCabe, Columbus Ohio Real Estate (HER Realtors) over 7 years ago

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