Real Estate News

1. Fewer defaults and foreclosures

showing potential clients and customers local statistics on decreases in defaults can be a major tool in building the confidence consumers need to make a market move.

2. More home sales

There are local areas where sales have increased, the data can motivate clients who may be on the fence on the decision to purchase.

3. Fewer vacant homes

While empty homes mean opportunity, they are a downer when it comes to consumer confidence.

4. Lower Mortgage Rates

Lower mortgage rates are another of the top five confidence builders. They are at the lowest they have been in 30 years. I believe they will remain low thru 2012.

5. Higher Homeownership Rates

Survey shows nothing sells ownership like ownership. The lower mortgage rates along with lower housing prices has helped more people become homeowners.