Prediction For US Housing Market In 2012: Homes For Sale: Homes For Rent

There are about 6 million US homeowners who are delinquent 30 days or more, according to LPS Applied Analytics. A recent survey showed almost half of all homes sold in the US were distressed properties. We have seen prices decrease during the past year.

Given all of this evidence leads me to believe we will not see an improvement in US home prices during 2012. In addition to inventory levels, the combination of persistent high unemployment, uncertainty related to upcoming elections, the sluggish US economy, stricter mortgage lending standards, and the economic concerns in Europe will all lead to more stagnation (at best) for US home prices, in my view.

Please reference prior posts on why it may be a good time to purchase a home, despite all I mentioned above.

Those who have time to wait, might want to do so prior to buying.

Sellers on the other hand, should be realistic as to the current circumstances and aggressively market and price their homes in order to have a chance at a successful sale.

Please feel free to contact me for more information. For free home searches and market data, please text me your name, e-mail address and phone number or visit my Web-site at www.langrealty.com/agents/michael-friedman

Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550

Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty