Housing market is recovering

August. 22. 2012 by lawnz –  Category: Housing (No Comments)

Our housing market has been down for the last couple of years, I start to see Sold signs around my neighborhood, I think housing market is recovering, I talked with a senior realtor agent, he said it started from this February banks kept inventory on the market very low, at the same time bank martgage interest rate came down 1% compared with the rate a year ago, multiple offers are seen, most are higher than asking price, some short sale offers from foreclosures are $30K higher than asking price!

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