House Prices: An Important Update

Back in February, we posted a blog (seen below) explaining that there would be a ‘window of opportunity’ for sellers to sell at a better price than they could after some distressed properties entered the market this summer. The concept was correct as prices have stabilized and, in some markets, are actually showing mild appreciation.

However, we underestimated the time it would take for the banks to work through the processes that would bring this distressed inventory to market. We are now extending this window of opportunity through the rest of this year as we believe foreclosures and short sales will increase more dramatically as we begin 2013.

To continue reading this article, and be refreshed on the article posted back in February, click on this link House Prices: An Important Update.