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Monday, January 16, 2012

Top 10 Housing Predictions

RE/MAX Co-Founder Sees Good News for Homebuyers and Sellers
“Interest rates will remain at or near historic lows and home prices will stabilize and start to rise by the end of the year,” said Liniger “There’s no question, the housing recovery will be slow and steady, but for many cities the turn-around is already happening.”   
 Top 10 Real Estate Predictions for 2012 are:

  • 1. Continued low interest rates
  • 2. Home prices stabilizing and starting to rise
  • 3. Increasing numbers of home sales
  • 4. Rising inventories, mostly due to increased foreclosures
  • 5. Distressed properties will make up about half of all sales
  • 6. An improved Short Sale process to help avoid foreclosure
  • 7. Homeownership rates continue to fall
  • 8. Foreign and domestic investors will buy 25% of homes
  • 9. Increasing reliance on real estate agents
  • 10. Increased use of Mobile and Social technologies

From my perspective the evidence is clear that Low and moderatly priced homes in the Denver area have turned the corner and prices are gently rising.  You will be surprised at how much you can afford with today's low prices and low interest rates.  If you think you are ready for a new home, or a dream home in the mountains, contact me.

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