Sunday, October 7, 2012

Take Advantage Of A Fall House Hunt

Take Advantage Of A Fall House Hunt, The changing weather can give you a chance to see a home's potential trouble spots. 5 Fall house shopping pitfalls and how to avoid them, The real estate market supposedly shines in the spring and summer sun, but fall is where the deals are found.

Existing home sales are up more than 10% since last year, while the price of those homes has risen 9.4% over the same span, according to the National Association of Realtors. Meanwhile, the backlog of homes on the market has dwindled 31% from a more than nine-month supply of 3.15 million last July to a 6.4-month supply of 2.4 million this summer.

As a result, the percentage of "distressed" and foreclosed homes on the market dropped from 29% last year to 24% in July.


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