The news states that a new wave of foreclosures are on their way. With the high unemployment rate and a foreclosure occuring every 13 seconds in the U.S. It seems like the waves of these homes keeps rolling in.
Perhaps an extension of the Homebuyer's Tax Credit will help? What do you think?
It seems that there is no end in sight. I have heard many analysts say that they think it will be Spring of 2010 until we see an improvement in the economy. I think it is going to be longer than that. There are many other homes that are Short Sale. These tend to take so much longer to complete than a Foreclosure property. Why is that? Anyone? Anyone? I am open to your advice!
Is there anything we can do for our clients? I can offer my advice to them based upon experience. However, alot of times it is information that is of no help to the customer.