There was a great article in the Orange County Register recently regarding 2012 and what real estate experts and insiders are predicting. The overall concensus seems to be that we should see slight improvement in 2012, but the real improvement won't be realized until 2015 at the earliest.
Cameron Merage, the founder and CEO of First Team Real Estate had some interesting insights into the coming year and made these points:
1) We will see a flat to improving market in 2012 just as we did in 2011.
2) Economic rebound could be delayed by more influx of foreclosures and short sales.
3) New home construction will increase, which could create more employment opportunities and stimulate the regional economy.
Click here to read the full article in the Orange County Register.
As I've maintained on my blog for the past couple of years, there will be no sudden improvement...it's a process that we're watching in pain-staking detail as it unfolds. It's a great market for buyers, with very affordable home prices and mortgage rates that have dipped down into the high 3% range.
If you're considering selling, there's a lot to consider as the waiting game gets longer and longer. Take heart in the fact that the real estate market will continue to improve slowly and a good real estate professional can help you navigate those waters whether you're buying or selling.
As always, for more help and hints, just call me...your Beach Areas Specialist at 562-244-8021, visit my webpage www.annopoly.com or visit me on Facebook.
Comments(0)