It is a welcome surprise that housing sales were up six and a half percent in December. Apparantly Buyers are coming out of the woodwork and taking advantage of low prices and low interest rates. Foreclosures and short sales accounted for 45% of December’s transactions. Click here for a more in depth article from Yahoo Real Estate. There is general agreement that we are in for another challenging economic year. For those that understand that buying a property is a long term investment, it is a superb time to buy. If you or anyone you know have any questions about buying a distressed property, please give me a call.
All my best,