The Leveling of the Housing Market

Written by Eric Brophy. Posted in Homes for sale elizabeth city, Real estate search, Realtors in norfolk va

Real estate foreclosure

No doubt about it: the housing market has had a rough decade. But things are finally settling down. While that may be good news for sellers, the news is not so good for buyers still looking to catch a deal on real estate foreclosures.

Florida broker Dean Ehrlich says, “People used to think the word ‘foreclosure’ means a deal, and it doesn’t anymore.” Many foreclosed homes are now selling right at market value, as opposed to just a few years ago, when buying real estate foreclosures could save you thousands of dollars off the market price of a home.

But as with every trend in any market, there’s a give and take. In the heart of the housing crisis, many owners were reluctant to put their homes on the market, for fear they couldn’t even command the full the price of their home, let alone make a p