For Real Estate, It's Beginning to Look a Lot Like Christmas
The holiday season is ringing in a renewed real estate market.
Yes friends, the holiday season is in full swing. There are presents to be wrapped, baking to be done, holiday parties filled with revelry and the joy of the season filling each heart. And even with all of the hustle of post-Black Friday events the real estate market is usually expected to be slow this time of year. While we do generally see a bit of a drop in sales, this is definitely not a slow market. 2012 has been a banner year for the market recovery. Inventory levels started off strong and then began to drop at the end of the first quarter. As I've been telling you for most of the last six months, the inventory levels are spurring rising prices. While conditions still favor buyers, sellers are seeing a strong market as well. It is my…
Observer
3:54 pm on Monday, December 10, 2012
Hmmm, and in my neighborhood, which is supposedly one of the more desirable ones in Smyrna, I am still buying foreclosed properties at prices that haven't been seen since the mid 1990s. I bought a house just three months ago that in 2008 was appraised at $260,000 for half that amount and another just a couple of weeks ago that the lender who was holding a $300,000 mortgage and settled for my … more ›