The gap between the visible supply of houses and the total housing supply remains such that borrowers may start to compete for well-kept, vacant homes.
Goldman Sachs is also warning clients that REO investors are bidding up for shrinking reserves of properties. This will also likely push prices higher, “even with little improvement in the fundamental economic underpinnings,” analysts said in a research report.
Meanwhile banks are increasing turning to short sales to maximize returns, which also means smaller price discounts.
For homes in good working order, steep price discounts are becoming more unlikely in the face of growing demand.
“In the near-term, the shrinking supply of homes available for sale implies higher bidding prices among potential buyers, and therefore, higher house prices,” they say.
The property appreciation will likely still be modest. Goldman Sachs expects prices to rise only one or two percent in the near term.
More questions we can help you, at County Properties, 26 years of brokerage experienc and trust. If you have equity in your home, we will sell your home and get top dollar in this challenging market with our Internet Marketing and Sales Program or click Want to know what your home is worth? .
If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also, go to www.ShortSaleRealtors4U.com
New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!
Want to know what your home is worth?
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Goldman Sachs is also warning clients that REO investors are bidding up for shrinking reserves of properties. This will also likely push prices higher, “even with little improvement in the fundamental economic underpinnings,” analysts said in a research report.
Meanwhile banks are increasing turning to short sales to maximize returns, which also means smaller price discounts.
For homes in good working order, steep price discounts are becoming more unlikely in the face of growing demand.
“In the near-term, the shrinking supply of homes available for sale implies higher bidding prices among potential buyers, and therefore, higher house prices,” they say.
The property appreciation will likely still be modest. Goldman Sachs expects prices to rise only one or two percent in the near term.
More questions we can help you, at County Properties, 26 years of brokerage experienc and trust. If you have equity in your home, we will sell your home and get top dollar in this challenging market with our Internet Marketing and Sales Program or click Want to know what your home is worth? .
If you do not have enough equity, and you must sell your property as a short sale we have the expertise to do so also, go to www.ShortSaleRealtors4U.com
New Pro-Property Search. We will setup a customized search for you by our professional REALTOR® Team. Sit back relax and shop at home! We will make changes to your Pro-Property Search any time you like, just let us know. Have fun!
Want to know what your home is worth?
[iframe http://tools.1parkplace.com/valueWizard/vluredirect.aspx?userid=47042 780 1100]