Is Another Housing Bubble Growing?
"... thanks to key changes we’ve made in the program, Freddie Mac short sales today are taking less time to process on average than ever before."
You can expect to see more people putting their homes up for sale this year
Rule No. 1: A property bubble isn't a bubble till it pops.
Madera County saw the steepest decline in home sales, by 44%, in November while Kings and Tulare counties both saw a 7% and 8% decline, respectively.
"We fully expect the interest rates to continue a slow climb through 2014,"
“We will have high levels of negative equity for some time.”
“Not many people are aware of this option, but it’s a win-win for the homeowner, the bank and the neighborhood,” said group member and Realtor Diane Bernatz.
"An effective short sale agent—one that can navigate the treacherous waters at the lending institutions and actually obtain short sale approval before the end of the next century—has a certain skill set, and it’s a unique one."
As the year rolled to a close, and everyone caught their breath, seat belts should remain buckled. For 2014, more of the same, perhaps a milder ride, is predicted. But, still, it’s a conundrum as we make our way toward a full recovery.