LitaWrites (real_lawyer) wrote,

Advice To Make Your Head Spin

Here’s two real estate advice nuggets I read on the same day, courtesy of separate stories on Yahoo news (emphasis all mine):

1.  With the dynamics of the national housing market heavily favoring buyers, those in a position to postpone their home sale—even for a few months, until the spring—should consider doing so, says Guy Cecala, the publisher of Inside Mortgage Finance.

2.  After more than three years of falling, real estate values have shown signs of stabilization in recent months. At the national level, home prices slid nearly 9 percent between the third quarter of 2008 and the same period this year, according to the S&P/Case-Shiller home price report. That's a notable improvement from the second quarter's nearly 15 percent annual drop and the first quarter's 19 percent decline. This improvement will give way to a bottom in home prices—finally!—in 2010, but not before additional declines, [Economist Mark] Zandi says. Zandi projects home prices will hit bottom in the third quarter of 2010 after logging a peak-to-trough decline of roughly 37 percent, based on the S&P/Case-Shiller national home price index. "That means we've got another roughly 10 percent [decline] to go," Zandi says.

While you figure out when to list your house, I’m taking a few minutes to read the latest NY Jets’ postings. 

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