2. Foreclosures will rise since the "robo signing" fiasco halted many foreclosure proceedings in 2010. Distressed properties sell for less than market value so this foreclosure trend will adversely affect the non-distressed property values.
3. Housing prices will soften as a result of the increase in foreclosures.
4. Since housing prices will soften, there will be more short sales created by the "negative equity". Banks will probably ease up on the short sale process to expedite the sale of distressed properties and keep their costs down.
5. 2012 will be a great year for real estate sales and restore the consumer confidence in owning vs renting.
If you want to make your real estate dreams come true, call me today. I am ready to assist you in any way I can. I will treat your transaction as if it were my own....
PS all photos are a courtesy of free digital photos