Home Seller Forecasts for 2011
The housing market faces high hopes -- and plenty of handwringing -- in 2011. Tara-Nicholle Nelson of our sister site, WalletPop.com, bravely sorts through the year's possible trends to pluck some likely outcomes for home sellers.
Past is prologue, they say. And that's certainly true when looking forward to what the housing market will hold for home sellers next year. WalletPop's
predictions for sellers in 2011 are:
1. More Distressed Homes Come on Market, but 'Regular' Deals Have Cachet
The number of homes repossessed by banks dropped off pretty dramatically at the end of 2010, partly because of the robo-signing foreclosure
freezes, and partly because the average time between initial mortgage default and foreclosure
has stretched out to as long as 16 months in some states, 22 months in others.
Read more at WalletPop.com.