I don't have to tell you it’s been a lousy few years for home sellers.
With home prices falling by an average of 30 percent (but more than 50 percent in some places, according to the National Association of Realtors) and foreclosures hitting a record high in 2010, home sellers have found it’s pretty hard to sell an average, normally priced home.
As we head into 2011, home sellers are still facing a host of problems like foreclosures, high levels of unemployment, reduced income, and trashed credit profiles.
I’m often asked what I think will happen next year in the housing market. To read my thoughts on what next year will look like, and to hear what incoming NAR president Ron Phipps has to say on the matter, read my full blog at http://real-estate.equifax.com/2010/12/2011-outlook-for-home-sellers.html
Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blog and CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investor