Wondering about the health of the housing market? I know that there are many factors that drive markets and many driving factors have brutal for housing. Foreclosures, short sale madness, lending practices being too lenient and now too tight, I could go on all day… The good news is that the result of the turmoil is lower prices. That hurts sellers, (I will get into that in a minute). But really benefits buyers. Buying right is the key to any good investment, therefore, we really can’t beat the housing market in its current state. Low prices, low interest rates, sellers willing to negotiate, it truly is the right time to buy. Many buyers have figured that out as evidenced by the numbers.http://t.co/Z7JOx4lB Check out Michigan, Arizona and Nevada. Looks to me that many buyers have sought out the hardest hit areas and are regenerating those markets.
As for the sellers, it looks bad for a while. I wouldn’t sell if I didn’t have to. Not the time to “test” the market. But, if you do have to sell and you are upside down, there are options. Look into a short sale with your bank. Look into a number of government programs designed to help you in your current situation. Look for a professional to answer your questions. We are here to help you through this tough time.