Premier Real Estate Attorneys

Decline in Home Sales…..Sparks Concern

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12

May 2014

Have you noticed a decline in home sales out there?  As a title closing office, we’ve definitely seen a decline in short sale closings, but regular closings continue to rise.  Perhaps it’s our demographic here in the Sarasota area, but there is some cause for concern across the United States.  Looking into the matter more closely, this article makes a good point……“Credit availability is key for the continued housing recovery.”  This is essential.  As more and more people have a short sale or a foreclosure on the their credit, buying another home will be more difficult for them, especially with the lender’s increasing requirements.

 

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