The good news continues, more optimism is spreading among real estate experts that will show the the new year some good cheer. According to press from the National Association of Realtors, the news is good for homes in 2012.
According to the conference, pent-up demand and population growth will encourage buyers much more than the past year. Early figures expect the demand to increase by 4-to-5%. Experts also hold out for an uptick in the nation’s GDP-a healthy sign of growth, and a decline in employment. They also estimated that the historic mortgage rates would increase once more when more loans are sought. Then, once homes are sold, both property values and prices will trend upward.
Some suggested to provide military families with incentives to foreclosed homes, a move that could help many neighborhoods and veterans.
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