Check this out…
National Association of Realtor’s (NAR) Report:
- Residential Home Sales Down 27+%
- Sales at lowest level since 1999
- Housing Inventory went up 2.5%
- 12.5 Months of Housing Inventory…just below record numbers of 12.9 Months
CoreLogic Report:
- 36 States experienced Home Price Declines year over year…twice the amount of May 2010.
- Average Home Prices were “Flat” across the board year over year
This leads us in to an inevitable massive price declines that will be felt by all home owners nationwide…
Wow…Doom and Gloom! NO…
Mortgage rates are at an all time low 4.8% with the average at 5.11%!!! Almost FREE Money!
What this means is that as more prices fall…more Americans can afford to buy at the lower prices and very low fixed interest rates.
Keep and eye open in the news in the next few months…
- Dramatic Increase on Trustee Sales (Foreclosures)
- No More Homeowners living “mortgage free” playing the game of “Foreclosure Roulette“.
Go Sell!
Best,
Kris
