This will not help me sell homes, despite the fact that the Savannah market is quite active, presently. Just as long as my home buyers are aware that the FHA is planning on a 1-4% decrease in home values this year, I feel guilt free when the deal closes. The "good news" is that home values are expected to increase 3.5% in 2014! Whew!
Never-the-less, I enjoy doom and gloom articles. They're cool refreshing reminders of the long road to recovery that is before us after getting excited from reading articles that proclaim "Housing Is Back!" in the head-line, and conclude with a sentence like "Real estate analysts expect more apathy and ambivalence for 2012 and 2013."
Anyway, the article...
Summary: Single family home sales are up! But they're being turned into rentals. Home prices will rise next year! And recover a tenth of what we've lost. Foreclosures are slowing! But home values are still falling.
My summary essentially captures the key quotes. Read the full article at The Greater Fool.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
Never-the-less, I enjoy doom and gloom articles. They're cool refreshing reminders of the long road to recovery that is before us after getting excited from reading articles that proclaim "Housing Is Back!" in the head-line, and conclude with a sentence like "Real estate analysts expect more apathy and ambivalence for 2012 and 2013."
Anyway, the article...
Summary: Single family home sales are up! But they're being turned into rentals. Home prices will rise next year! And recover a tenth of what we've lost. Foreclosures are slowing! But home values are still falling.
My summary essentially captures the key quotes. Read the full article at The Greater Fool.
A. Joseph Marshall
Coldwell Banker Commercial
Commercial Real Estate Advisor
Savannah, Ga
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