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Foreclosure End in Sight???

By Mark Watson

Real Estate Agent with The Watson Group

February 16, 2013 01:00 AM

Housing Market Update

Well, well, well...more good news on the housing front according to ABC World News. Our economy is still on the brink of the fiscal cliff, unemployment is still high but homes in foreclosure are half what they were from 2010.

This is good news for the housing market, existing homeowners, future homeowners and investors. Locally, in Charlotte NC, home inventory is at a shortage which seems to be causing the home prices to be rising. It is a great time to buy a home now while mortgage interest rates are still low, home prices are still low but on the rise and there are still some homes in foreclosure. Charlotte homes on the market aren't staying on the market very long, so when you find one you like, make your move.

(The Watson Group - Keller Williams Ballantyne Photo Left to Right: Joy Kurutz, Mark Watson, Roxsan Perez, Andi Wilson)

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Tim Lorenz

TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA

949 874-2247

We are really seeing an end to the distressed homes. Back to standard equity sales. YES!

Feb 16, 2013 01:02 AM

Dan Hopper

Dan Hopper - Gold Way RE - Westminster, CO

Colorado Broker / Referral Services

We have seen a reduction in distressed properties ... yet, I keep seeing the foreclosure lists at a steady pace, compared to 2011 and 2012. Where are those homes?? We might see about 10% on the market as short sales... do we plan to see MORE foreclosed (bank owned) hitting the market? Coming soon to your neighborhood??

Inventory is down... we need some good listings, not distressed listings on the market for our buyers!!

Feb 16, 2013 01:06 AM

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Mark Watson

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