Wow.! Its been a while since I posted a comment on this blog, 5 months to be exact. No particular reason why I stopped posting comments, but "IMM BACK". The market has changed drastically in the last 5 months. It appears there is a shortage of REO or bank owned properties, there are more short sales. Good thing for the market and buyers, there are a few lenders expediting the short sale process smoothly. I have also notice there alot more cash buyers due to lenders resrition on borrowing money. Many experts believe that we should expect some gradual improvments in 2012.
According to Lawrence Yun, chief economist of the National Association of Realtors (NAR), said home sales should be stronger. “Tight mortgage credit conditions have been holding back homebuyers all year, and consumer confidence has been shaky recently,” he said. “Nonetheless, there is a sizeable pent-up demand based on population growth, employment levels and a doubling-up phenomenon that can’t continue indefinitely. This demand could quickly stimulate the market when conditions improve.”As 2011 comes to end, many of us are preparing ourselves for the up coming year. Some renters are hoping to become h omeowners and unfortunatley some home owner may become renters which is not all bad. If you short sale your home and continue to pay other open credit lines on time and avoid pulling have your credit pulled; there is a good possibility you maybe eligible to purcahse another home in 2 years. My next post will go over different ways to improve your credit. Stay tuned
Thank you,
Ainsley Daux
Lic Realtor
Florida Realty
(813)546-1954
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