There have been several reports lately concerning the real estate forecast for 2011. My favorites are the ones that say that the demand for housing will go up in 2011. Yippeee, right???? Well, yes... sort of...
Both NAR and Fannie Mae are projecting an increase in closed residential real estate transactions in 2011, but this does not mean prices will go up. Sellers, please keep this in mind! More homes will be sold, but that does not equal greater appreciation for you. We must take reports with a grain of salt. Speak with your local real estate agent for information on your neighborhood.
Info from KCMBlog.
Showing posts with label Fannie Mae. Show all posts
Showing posts with label Fannie Mae. Show all posts
Monday, December 13, 2010
Tuesday, November 23, 2010
Do NOT Wait!
KCMBlog.com has an excellent, but sobering, post today about projected home prices. The post boils down to one crucial statement: "If you are looking to sell within the next two years, the highest sales price you will be able to attain for your home is its current value." If you would like to read the whole article, just visit KCMBlog.com. Fannie Mae has forecasted prices will fall and not return to present levels until 3rd quarter 2012... so sell while you can!
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