subject: Buyers Interest In Foreclosed Properties Could Devastate Home Values - Short Sales Success [print this page] Prospective homebuyers have been on the fence when deciding to buy a foreclosed home now or to wait it out until the end of next year. Per a survery released by Trulia.com and Realty Trac, 55% of adults said they would consider buying a foreclosed home, which means the other 45% are not interested as the worries of the housing market continual decline going into 2010.
This can be a bad sign because if buyers are not gung ho in buying foreclosed properties, the inventory of homes on the market can increase the competition for sales and home values will continue to drop.
It will be a very interesting year next year. This housing market will continue to devastate homeowners and the ones that are still able to hold on to their homes may be faced with further reductions in their home equity.
Hang on to your seats, its going to be another wild ride next year!
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