CNN.com is reporting that foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in the housing market.
This is great news for our nation and with it being the 4th month in a row we hope it continues to decrease.
As the housing inventory is lowered you will see prices stabilize and even increase.
This will allow for prices to rise up and will bring the option of building a home back to our market.
Remember when people built homes??
It seems like a long time ago for SW Florida Real Estate but it will happen once the current inventory has run out.
With the First Time Home Buyers tax credit being extended and the super low real estate prices we truly expect 2010 to be a great year for us and the real estate buyer in Lee County!
Here is the entire article from CNN.com: http://money.cnn.com/2009/12/10/real_estate/Novermber_foreclosure_report/index.htm
