PREDICTION NUMBER 3:  PRICES WILL SOFTEN

As more and more foreclosures come to market, there will be greater downward pressure on the values of houses in the region. Foreclosures impact values of non-distressed properties in two ways:  

  • They will eat up some of the buyer demand in the market.
  • ​They will impact the appraisal on ALL transactions in the area.

An increase in foreclosures will have a negative impact on values. This will cause more homes to be underwater.

​The good news is that these foreclosures are not YET on the market. There is still time to sell before these prices soften! Give us a call today.

Committed to helping you Buy. Sell. Live. SMART!

​Seth & Alyce

"5 Real Estate Trends to Look For in 2012." The KCM Blog. Ed. The KCM Crew. 03 Jan. 2012. Keeping Current Matters. 03 January 2012.