If homeowners believe that the economy is improving, they will often decide to wait for a better market and/or higher sales prices to put their homes up for sale.
More foreclosures and short-sales are coming.
This happens regularly as banks are quick to raise rates when they receive economic data signaling a stronger economy and the potential for inflation.
What a mess! The Fed has established, via Fannie Mae, appraisal guidelines that are currently creating havoc for buyers and sellers of homes. It is delaying the process, costing the consumer more,… read more →
Real estate legend Sam Zell believes that residential real estate is bottoming. He believes the supply-demand ratio is causing the bottom to be formed as low interest rates, formation of new households,… read more →