Rising Prices Driving Home Sales

With the gradual rise of home prices this year, Corelogic has reported that over 700,000 homeowners came out from being underwater on their mortgages during the first quarter of 2012.  With this information and other encouraging reports from across the country, it seems that we are  definitely moving in the right direction.

 

There are still many homeowners, though, who owe more than their property could sell for today.   That situation will probably continue to improve gradually but will take some time.  The percentage of foreclosed properties has dropped and short sales are definitey easier and faster to obtain this year.

 

I think it is important to take the time to recognize that things are getting better in the real estate market.  It seems that the majority of information that most of us receive is negative and that valid and good reports are often ignored. It is amazing that even when I speak to other professionals in the real estate world, many continue to shake their head and then proceed with a "yes but" and begin to quote what they have been hearing in the media.

 

The truth is that It has become rare these days to hear anything positive about what is going on in our world.   Unfortunately, we frequently do not get an accurate report or full picture of what is really going on in the real estate market through the media.

 

Let's take a moment to celebrate some good news for what it is worth.   It can't hurt anything, can it?    If you would like to receive accurate real estate information on a regular basis instead of relying on the "news", please let me know or check in weekly at www.NancyPuder.com/blog.  I always enjoy hearing from you!

 

Nancy Puder is the broker and owner of Signature Properties, a prestigious real estate sales and management firm in Arroyo Grande, CA.  You may contact her at Nancy@NancyPuder.com or (805)710-2415 Your calls are always welcome!