Real Estate: 2011 in Review, Predictions for 2012
There are a lot of things that affect real estate: the overall economy, how people feel about their personal situations, interest rates, the willingness of banks to lend money, and housing prices to name a few.
The good news is right now is the most affordable houses have been in the last decade. Consider these facts:
- Housing prices in Montgomery County: In January 2011, 356 homes sold for an average price of $291,870. In November 2011 (final numbers are not out for December), 516 homes sold for an average price of $290,130. Sales are up without a significant drop in values….read more