This is by far the most asked question of me being a Realtor.
And the answer is…………..possibly. In support of this comes from the most encouraging comment I have heard lately. This was last Thursday from my instructor, Kevin Boer, in my blog improvement class. He provides this service to many around the country and from an agent in Phoenix, James Wexler who has a great blog, heard foreclosures there are now receiving multiple purchase offers. Since Phoenix, along with Las Vegas and Miami, are at the top of the cities with the most foreclosures, this is very positive news.
The one caveat, there is still an awful lot of bad financial news out there. And if only one of these predictions occurs, then I feel we could be in for another year to 18 months of the same. If not, then this could very well be the sign we are near a bottom and real estate prices should stabilize from here.
Wouldn’t that be peachy.