ROSEVILLE REAL ESTATE MARKET UPDATE BY SHORTSALE SPECIALIST JUSTIN JOHNSON

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Real Estate Agent with Johnson & Johnson Real Estate Group DRE #01833715

Home prices are showing signs of life, but have a long way to go to make up for losses from the housing bust. ROSEVILLE home prices dropped by a third from the start of 2007 to the start of 2012, according to Fiserv, an analytics firm.   

Fiserv forecasts prices will bounce back an average of 3.7% a year for the next five years -- a rate that would still leave prices 20% below the peak. At that forecasted growth rate, the national average high of $238,000 would not be hit again until 2023.

It could take even longer in some areas. "In some hard-hit markets, prices could take decades to recover," said Fiserv economist David Stiff.

Among those facing a long haul: Arizona, California, Florida and Nevada, the states most caught up in the speculative feeding frenzy of the mid-2000s.

If your a home owner in ROSEVILLE and under water a SHORTSALE may be the best option for you. I am a specialist settling and negotiating mortgages that no longer work. If your a struggling home owner and in PLACER or SACRAMENTO counties give me a call and we can discuss all the programs that you may qualify for....

 

 

WE SPECIALIZE IN CHASE AND BANK OF AMERICA LOANS YOU MAY QUALIFY FOR INCENTIVES UP TO $30,000

 

 

 

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