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

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