Housing and Mortgage: Real Estate Trends for the Spring 2012
If you’re waiting for mortgage rates or house prices to hit bottom, you may have delayed too long.
Among the housing trends you can expect to see this spring: Potential homebuyers will find increased competition when shopping for a home this spring, as more bargain hunters get off the fence. Investors also will continue to take advantage of the opportunity to buy low.
Some of the housing trends you should expect to see:
- Mortgage rates rise but won’t skyrocket
- Buyers face fierce competition with investors
- Homebuyers expected to get off the fence.
- Refinances get easier, cheaper.
From Yahoo: 5 Housing and Mortgage Trends in Spring