2012 Real Estate Predictions

As the country shakes off the effects of the worst economic recession in recent history, the residential real estate market is beginning to rebound, and Dave Liniger, chairman and co-founder of RE/MAX, sees several positive factors that could take hold in 2012. The highlights are:

• Continued low interest rates
• Home prices stabilizing and starting to rise
• Increasing numbers of home sales
• Rising inventories, mostly due to increased foreclosures
• Distressed properties will make up about half of all sales
• An improved Short Sale process to help avoid foreclosure
• Homeownership rates continue to fall
• Foreign and domestic investors will buy 25% of homes
• Increasing reliance on real estate agents
• Increased use of Mobile and Social technologies

Watch his video here.

So if you have been holding off,  now may be the year to move forward with your plans. What are you seeing in your neighborhood?