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The Chance of Selling Your House in 2012
Posted by Matthew Boreen
on Thursday, 12 January 2012 in Real Estate One Stop Shop Blog
Matthew Boreen
Founder of RealEstateSwap.com. I kiteboard, snowboard, work with robots, study AI, and play jazz clarinet.
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You want to sell your home and have owned it for five years. It is fixed, cleaned, decorated, and ready to go. Once your house is listed, multiple pre-approved buyers come knocking on your door to offer you full price. Seem realistic? Not in 2011, but there may be a positive outlook for 2012.According to some analysts, 2011 was a year of large inventories of foreclosures and short sale listings. As a result, a slight decrease in nationwide home prices. With many banks holding off on listing their bad assets, and consumer confidence at its highest in years, things may start to turn around in 2012.
Freddie Mac released their 2012 outlook. Here are some of the main points.
- Economic growth will likely strengthen to about 2.5 percent in 2012.
- The US unemployment rate will decline slightly but remain about 8 percent.
- Mortgage rates will likely remain very low through 2012.
- Housing activity will be better in 2012, but no boom like some have hoped.
- Expect more multi-family lending in 2012.
These outlooks may sound too good to be true, but looking at how our economy has grown and strengthened over the last few years, these numbers will likely hold true. Keep in mind a presidential election year often brings in higher numbers because of politicians spending money and boosting consumer confidence.
In Conclusion, when looking at the overall economy, 2012 will be a big year. With interest rates at all time lows, home prices are the most affordable they have been in decades. As long as a house is competitively priced against the competition, it will have a very good chance of selling.
Tags: real estate market, sell home, sell home 2012, sell house, sell house 2012, sell your house, selling your home, we buy houses
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