Home buyers may be in a rush in the new year to beat anticipated price rises.
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“Builders across the country are reporting some of the best sales conditions they’ve seen in more than five years,” says the chairman of the builder trade group. But the “fiscal cliff” has many in the industry concerned.
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Forty percent of families facing evictions due to foreclosure are renters, according to the National Law Center on Homelessness & Poverty.
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Seventy-five percent of home owners say they think their home is worth more than the agent’s recommended list price, but the majority of buyers say prices are too high, according to a new survey.
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Despite low mortgage rates, mortgage applications dropped to their lowest level since early November.
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With 2012 winding to a close, real estate practitioners should spend some time assessing the year and planning for the future.
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