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Answers (10)
- Susan Lehmkuhl, "KUHLteam"
- Contributions:61
Depends on who you ask. There are still a lot of home owners who are underwater with their mortgages and are in jeopardy of defaulting on their loans. You will see lots of short sales in 2012 as a result PLUS many of the government incentives go away at the end of the year. I don't think we will see a true recovery for several more years.
Susan Lehmkuhl
Associate Broker
The KUHL Team
[contact information and website removed by Zillow moderator]
- SteadyState
- Contributions:787
To Betty Enea -
It's easy to list a brand new MB for $25K and sell it for $35K given it's inherent price is $55K. The seller lost $20K on the deal but he/she did sell it above the listed price!
This is a good example of how a incomplete story without the data and facts can mislead consumers.
It's easy to list a brand new MB for $25K and sell it for $35K given it's inherent price is $55K. The seller lost $20K on the deal but he/she did sell it above the listed price!
This is a good example of how a incomplete story without the data and facts can mislead consumers.
- SteadyState
- Contributions:787
What did Linger say in 2006 about 2007?
Why rely on conclusions that are rosy based on assumptions that contradict the conclusion?
For example,
a) 50% of homes will be distressed properties (lower prices)
b) Foreclosures will rise (more inventory, lower prices)
c) Short-sale process will be faster (more inventory, lower prices)
d) Foreign and domestic investors will buy 25% of homes (less inventory, lower prices => they are investors and they expect a return from renting).
But we get the miraculous conclusion:
"home prices will stabilize and start to rise by the end of the year"
Clearly he is bright enough to see something that even Newton cannot see and clearly some agents are even brighter to understand the argument and in fact put the conclusion in writing on a public board for all to see!
Why rely on conclusions that are rosy based on assumptions that contradict the conclusion?
For example,
a) 50% of homes will be distressed properties (lower prices)
b) Foreclosures will rise (more inventory, lower prices)
c) Short-sale process will be faster (more inventory, lower prices)
d) Foreign and domestic investors will buy 25% of homes (less inventory, lower prices => they are investors and they expect a return from renting).
But we get the miraculous conclusion:
"home prices will stabilize and start to rise by the end of the year"
Clearly he is bright enough to see something that even Newton cannot see and clearly some agents are even brighter to understand the argument and in fact put the conclusion in writing on a public board for all to see!
- Pasadenan
- Contributions:21466
Why bother asking if you already have your own opinion????
"Foreign and domestic investors will buy 25 percent of homes." -
And what are they going to do with those "investments"? Subsidize the renters? Leave them "empty" for several years hoping that prices rise enough to cover their financial costs? Lend them to family that need a temporary place to stay, such as on a tourist visa?
"An improved short sale process will take shape to help more home owners avoid foreclosure." -
And who is implementing this "improved short sale process"? The "banks"? Why would they do that when a foreclosure allows them to collect the mortgage insurance?
"Foreign and domestic investors will buy 25 percent of homes." -
And what are they going to do with those "investments"? Subsidize the renters? Leave them "empty" for several years hoping that prices rise enough to cover their financial costs? Lend them to family that need a temporary place to stay, such as on a tourist visa?
"An improved short sale process will take shape to help more home owners avoid foreclosure." -
And who is implementing this "improved short sale process"? The "banks"? Why would they do that when a foreclosure allows them to collect the mortgage insurance?
- Bessy Enea, "BessyEnea"
- Contributions:13
If the first week and half of this year is any indication, we should have a much better year in Real Estate Sales, I have been very busy since the year started and received multiple offers on one of my listings and ended up with an offer over the list price.
- CORONA NICK
- Contributions:2218
The same, like crap...lol
- Richard Schulman, "RichardSchulman"
- Contributions:2108
In 2012, I believe that we'll see continuing buyer demand coupled with continuing weak seller supply, as regular sellers continue to avoid the market, and banks foreclose on a dwindling supply of distressed homes. The lending market will continue to open up, and we'll see more availability for jumbo financing.
Even though I remain optimistic about the future of the market, I believe that it will be a few years at least, before we see sustained price increases.
Richard Schulman
Keller Williams Realty
- sunnyview
- Contributions:25139
I don't see any earth shattering predictions there. What I see is a rehash of predictions that Mr. Liniger made did not happen last year as he predicted they would here.
No one should be relying on RE market pundits to tell them anything when they were SOOOO wrong in the past and failed to ring the bell before the Titanic market bubble went down taking many of America's homeowners with it. Do your own research before you buy and remember how wrong the experts were in the past.
No one should be relying on RE market pundits to tell them anything when they were SOOOO wrong in the past and failed to ring the bell before the Titanic market bubble went down taking many of America's homeowners with it. Do your own research before you buy and remember how wrong the experts were in the past.
- sunnyview
- Contributions:25139
Depends on interest rates and the employment numbers. If rates go up, the market will flatten and drop unless the job market is considerably stronger.
- Vince Fumusa, "Vince Fumusa"
- Contributions:8
5 Predictions for Housing in 2012
Better days ahead for the housing market? RE/MAX co-founder and Chairman Dave Liniger thinks so.
Liniger predicts several key factors taking shape in 2012 that mostly will help the residential real estate market finally move toward recovery mode.
"Interest rates will remain at or near historic lows and home prices will stabilize and start to rise by the end of the year," predicts Liniger "There's no question, the housing recovery will be slow and steady, but for many cities the turn-around is already happening."
Here are a few of Liniger's predictions for the real estate market in the new year:
- The number of home sales will be on the rise.
- Inventories will increase, mostly due to a rise in foreclosures.
- Distressed properties are expected to make up about half of all sales.
- An improved short sale process will take shape to help more home owners avoid foreclosure.
- Foreign and domestic investors will buy 25 percent of homes.
What will the real estate market look like in 2012?
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- 5.0/5.0
- (12 reviews)
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