Real estate buying this spring
Predicting the housing market’s fortunes in 2012 on the eve of the spring selling season is like guessing which direction an amoeba in a petri dish will move.
To be sure, most observers aren’t anticipating soaring growth. Strict mortgage lending and wary consumers still challenge the market. The thrum of foreclosures could rise this year and keep a lid on home prices. State attorneys general face a Friday deadline this week to decide whether to join a potential $25 billion settlement with five big banks over alleged foreclosure abuses.
But some experts point to reasons for cautious optimism, including dwindling housing inventory, greater housing affordability and last year’s creation of 1.6 million jobs. Read More.