Nationwide, the housing market has been on a downward slide for the past 5 years. What does the future hold? Several positive signs are beginning to show. Florida home sales have been up the past couple of months. November sales were 11% more than in 2010.
What's the potential holdup? Foreclosures. Over 6 million homes in default nationwide. Most of those will end up as some sort of distress sale. Plus, thousands of sellers who would like to sell, but are waiting for better conditions.
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