Veros Real Estate Solutions released its forecast for the 12-month period ending December 1, 2012. Their findings indicate "the national housing recovery will continue to be gradual and slow without any significant changes in markets." Veros predicts up to a 4% appreciation in the strongest markets which includes the Washington, D.C. area. The 5 weakest markets, which include areas of California, Nevada and Florida, will probably depreciate 5-6% over the next year.
This is welcome news for the Washington, D.C. market, where 1 in 5 homeowners are underwater on their mortgage. For many of them, the recovery isn't coming quickly enough.
I have been trained and am experienced in helping people who are "underwater" through negotiating with the lenders, assisting in loan modifications, and short sales. Please don't hesitate to contact me if you need further information or assistance.
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