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Health & Fitness

Increasing Short Sales Stabilizing?

2008 Would Set The Stage For Many Painful Years To Come!
In 2008 few real estate agents had done a short sale and many hadn’t even heard about short sales. We all know what happened in the following years. Today, the tumultuous housing market has left no agent untouched. No agent can imagine a market without short sales. Don’t be fooled, the market is ticking up and short sales are here to stay. Short sales are now part of traditional real estate whether we like it or not. They have become the new normal.

Increasing Short Sales Are Stabilizing The Market
Newly initiated and active foreclosures remain at historically high levels. The market is on the way up, but we’re not in the clear just yet. The much-discussed shadow inventory, while declining, continues to add to foreclosure activity, and will for the foreseeable future. Especially, in judicial states where the pace of foreclosures skyrocketed after a lull following the robo-signing scandal.
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