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Rebecca Stewart's Blog

By Rebecca Stewart | Agent in Saint Petersburg, FL

1.3 Million Underwater Homeowners No More!

According to CoreLogic, during the first half of 2012 1.3 million homeowners no longer were underwater in their mortgages due to rising home values.  If national home prices increase another 5 percent, another 2 million would gain equity in their home as well.

 

Aside from rising home prices, there have been lower levels of inventory and declining REO sale shares helping to support the steady albeit slow recovery in the housing market.  While Florida remains the state with the second highest percentage of underwater properties, I see a very strong recovery here in St. Petersburg.  My buyers will tell you how tough is can be to get a home right now!  And I have sold every listing I took so far this year...this is the turning point and it is a great time to get in the market.

 

As Your Special Agent, I am here to help you find the right home for you, or to sell a property which has served you well, but no longer meets your needs.  Please let me know how I may assist you or or family and friends with your (or their) real estate needs!

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