Is it time to buy? How long will mortgage rates stay low? Will it become easier to qualify for a mortgage—or is it better to rent? Will foreclosed properties become available to rent? How will the recent lowering of loan limits impact houses in lower price categories? Will short sale volume grow or shrink in the fall marketplace?
If you are a real estate professional or a prospective buyer who has struggled with these questions, here’s a resource that may help. Fox Business.com recently published a feature story that addresses these issues–and more– in an article titled “Five Housing Trends in Fall 2011”. The writer explores not only the trends but also the anticipated timeframes and estimated outcomes. At least five expert industry sources from around the country are quoted in the article. Scores of market observers are asking these questions; hopefully this resource will shed some light on the topics for prospective home buyers and real estate professionals alike.
The 5 key forecasted trends include:
- “Mortgage Rates Won’t Stay Low Forever — Just a Long Time”
- “Lenders Will Keep Their Strict Underwriting Standards”
- “Foreclosures Will Become Rentals”
- “Lower Loan Limits Will Push Home Values Further Down”
- “A New Wave of Distressed Properties Will Crest”
For more information, please join us at FirstPrestonHT.com or on our Facebook and Twitter pages.