FORECLOSURES LOSING STEAM?

From 2007 (late) to just a few months ago, every time I looked at our NWMLS dashboard, there were more new listings then sales....and in the past few months, that trend has continued.  There's a lot of talk about shadow inventory (homes the banks have foreclosed on but haven't replaced back on the market) and it would be interesting to see those statistics but today....today.....we're seeing inventories depleted and the market is starting to heat up. This feels like the spring market is shaping up just like the good 'ole days.  Course, time is the prover of all theories, but below you will find a link to an article by CNNMoney regarding foreclosures.  See what you think!

CNN Article link right here!

This is what I've been talking about!

At the beginning of our housing downturn, there were a number of homeowners who had to short sale their home.......and they are now eligible to repurchase.

Here's a link and a great article about eligibility!

Purchase Options for those Who have sold their properties in a Short Sale

This will contribute to the increased activity that we're seeing now!

My Thoughts of the Day......

Sometimes, just sometimes, I have to wonder if all of the changes in our on-line worlds are better or worse?  The new Facebook Timeline does not thrill me at all.  Looks like I might have to migrate this Blog over to a WordPress Blog to show up on my new Windermere Website.  Sigh.  Onward we march.....check out my newest listings at www.debbiebargersmith.com and have a great week!

PS.  If you have been contemplating buying or selling...I'm telling you, the market is PICKING UP!