Once again the numbers point to a real estate market slowly climbing back to normalcy. (For the record, normalcy was pre-2004) For December the overall number of Foreclosed properties sold was down 6.62%, the number of Foreclosed properties available was down 8.63% and the average price of Foreclosure properties sold was UP 9.24%. This is a trend that has been reported throughout most of last year. Could the "bottom" of the real estate market be a period in time rather than a point in time?? Are we in it now? You can take a small risk either way; buy now and know what you are getting, or wait for prices to continue to fall and see if it happens. Based on our first 17 days of 2012 we see Buyers moving FORWARD!
If you are considering purchasing real estate start your search now and be selective on the properties that interest you. There are great deals available now and with interest rates at their lowest point I just don't see the value in waiting another 6 months.
Have a great day and check back with us often!
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