The housing market is very uncertain at this time, some parts of cities are doing well but majority of cities are not as compared to last year. Due to end of tax credit, buyer activity has also started to decrease, nationally pending home sales dropped by 30%.
We are expecting that there will be more bank owned homes comes on the market and more short sale homes in the coming months. I know some buyers are also waiting for more price drops before they start looking again.
Check this CNBC video predicting about the housing market:
If you are in bay area and looking for experienced short sale agent or have any questions on how to stop foreclosure then please give me a call at 510-366-9405 and I would be happy to assist you.
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