Home sales were report "less weak than expected" this morning. Contrary to expectations, the rapid decline of home prices showed signs of stabilization in April, according to the Case-Shiller Home Price Index, the most influential recorder of prices. Could this be a sign of the bottom of real estate , maybe or maybe not. One factor to take into consideration is amount of NOD's(notice of default) or NTS's( notice of trusties sale) www.forclosure.com is great source to view the amount properties in default. granted, a portion of these homes will not be returned to investor due to loan modifications and successful workout options.
in the past months home shopping for buyer looking in the $100,000 - 350,000 purchase price range has been very difficult and stressful. multiple offers, sellers not responding to offers, please keep in mind that you are taking advantage of a combination of two great factors low, low interest rates and bottom end home value. keep your spirits up, have patience, lean on your professional real estate agent or loan broker for confidence. we are here to help!
your local mortgage pro,
Justin.
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