Currently, in World, home buyers may have to shell out more money than the listed price to get a home of their choice.
Foreclosures by banks for, the home loans are a common sighting in World nowadays, in fact, there is an unending frenzy of foreclosures; hence homeowners try to sell of their homes quickly, before the bank swings in for a foreclosure. Another emerging trend in World is that of multiple offers and bidding wars. Investors are rushing to World to purchase low priced foreclosed homes, according to The Wall Street Journal, in World, small investors who purchased more than 5 homes accounted for a total of 26% of home sales at the end of 2012. This is creating trouble for individual buyers who just want a Dublin Real Estate for their family to live in.
As compared to last year, the Fremont Real Estate prices have risen by 17.3%.Single family homes and townhouses/condos form the base of the real estate market because they have a combined market share of about 44%. An increase in housing prices can help in sustaining the housing recovery because it makes homeowners sell their homes and encourages would be home owners to buy before prices shoot up. In the past 3 months, the largest increase in listing price has been in is 11.58%.
Buying and selling behavior of Flippers isa category of investors, known as "flippers", who buy foreclosed homes, get it repaired and repainted, and put it up for sale within a month of purchase, hereby earning a handsome profit, and such homes are the hottest commodities in the market because this is all a home buyer needs. So, the current trends in the World real estate market may be attributed to 2 reasons- namely, foreclosures happening in bulk, and, the storming of investors, who buy more than a dozen foreclosed homes in one go.
Expectations of investment trend in upcoming years. According to S & P/Chase Sheller's data, the real estate market in World looks promising and is heading upwards. By analyzing the given data, real estate experts like Mr. Dennis Dahlberg, GM of Private Hard money believe that, It will take a couple of years for the home values to return to the trend line. Real estate market in World will be back to the highs in the coming 2 years. Buying single family homes in good areas and renting them out is recommended.