What will 2012 bring for the housing market?

After 14 months of job gains, the economy is expected to continue its slow but determined recovery.  Here’s what else to expect in 2012 and what it means for agents and the real estate market; Delinquencies will go down, but foreclosures will go up. Fewer borrowers will fall behind on their payments next year, thanks
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Home prices decline and consumer confidence stays low

In March 2011, home prices in 20 U.S. cities dropped to the lowest level since 2003; indicating the housing market remains stalled in a slump almost two years into the economic recovery. There is a backlog of foreclosures, and when they reach the market it may mean home prices stay depressed, and prevent builders from
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Sellers need to get realistic

Sellers whose homes have lingered on the market for months–or years, in some cases–are banking on this spring to turn the tide. Foreclosures and short sales are still flooding the market, which means many sellers are still up against big inventories and some big bargains that may pull away buyers. As such, more real estate pros
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Stage 3: House Hunting

Stage Three: House Hunting Insider Secret: “Distressed” doesn’t always equal “discounted” – in some cases, a “regular” sale can be a deeper deal. Why: Short sales and foreclosures have grown to comprise roughly 30 percent of the homes sold on today’s market, even higher in some areas. The average sale price of foreclosed homes was
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2011 Market Outlook

2011 Market Update from Eric May at Prosperity Mortgage in Devon, PA The beginning of the year always produces a flood of opinion on what the next 12 months will bring. Much of the opinion is simply an extrapolation on what was occurring in the closing months of the old year. Nevertheless, some of the
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4 Must Know’s about foreclosures

4 Must Knows for buyers who are in the market for a foreclosure property
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