When prices start rising we will (hopefully) have reached a point where the short sale and REO/bank owned (foreclosure) inventory has decreased to such a point as to not drag the rest of the prices down!
When will the price of houses rise? It all depends on where that real estate is located. California and Florida are still leading the way in the distressed property market so it may happen in other states before we experience it here in Brevard County, Florida.
But, we will reach that point. Soon, I hope.
If you are considering buying or selling a home in Brevard County, Florida, please give me a call. I would welcome a chance to assist you in the process.
Gary Waters, Century 21 Baytree Realty, Rockledge, Florida, 321-693-3850, email email@example.com.