The number of foreclosure filings recently hit its lowest level in eight years, leading many real estate experts to speculate that our nation’s foreclosure crisis may be coming to a close. August’s foreclosure filings were a whopping 60% less than the peak of repossessions in September of 2010. |
| The foreclosure crisis may be due largely in part to quickly rising home prices. In fact, this 7% jump in home prices last quarter led a remarkable number of homeowners to no longer be “underwater” (that is, borrowers who owe more on their home than it is worth). |
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With these rising home prices, we expect to see more folks put their homes up for sale—after all, inventory is very low, and we’re seeing a lot of buyers searching Everyhome.com’s “New Today” section just waiting for that perfect home to pop up. For a no obligation estimate on what your home is worth, email us at theoffice@everyhome.com.
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