Many housing experts are predicting that this year is the last chance for getting a bargain in this real estate market. Homes have never been more affordable and inventory is depleting, so if you wanted to get that nicer home at the bargain prices we have been experiencing locally...start preparing to make a move.
Foreclosures and continued job growth plus better access to mortgages as people get their finances in order and out of debt is creating a more positive real estate market. Some expect to see housing prices to start to increase this summer as inventory lessens.
The banks have been slowly letting the Foreclosed homes onto the market so the big dip in prices and inventory is not expected to occur.
Read the attached article from CNNMoney for more information.