You can put away the Magic 8 Ball... I went straight to a few of our highly productive agents and asked them what 2012 might bring in our market. These agents, as a group, are averaging more closed transactions than other agents and there is a good reason for that. As you can see, the answers may vary in wording, but the theme is pretty much the same!

"Next year will be the year of the short sale. Hedge funds are buying up bad mortgage notes from banks at .25 on the dollar. They will offer short sale deals to owners to incentivize them for selling their home. They will offer anywhere from $2,500 to $30,000 depending on the spread. They are not government backed, which allows them to do this without worry."

Steve Padilla - SW Valley Office (works all areas)


"2012 is the most pivotal year for real estate since 2007. The average person does not yet realize that our market bottomed out early in 2011. The market is now a seller's market-with available inventory half of what it was in 2010.

With shrinking supply and high demand, 2012 has a recipe for an increase in prices. I am estimating that we will see 5% for the year, but some neighborhoods will see much more appreciation, while outlying areas lag.

This will be the year of the short sale, with underwater homeowners who purchased over the last five years continuing to sell. REO's will decrease in the market, while short sales continue to increase. We will also see more equity sellers and move-up buyers, fueled by a hot market.

Don't miss out on this opportunity to still buy while interest rates are at historic lows...increasing rates and values make NOW the time to buy."

Jake Wright - (works Phoenix to the Prescott area)

 

"Short sale, short sale, short sale. That will be the major push in 2012." 

Joe Bourland - SW Valley Office (works all areas of the Valley)

 

"I feel the market has a very strong desire to stabilize and return to some sense of a new normalcy in 2012. Recent consumer retail spending suggests that consumer confidence would like to increase as a whole. People are just simply TIRED of the recession...many factors continue to negatively impact the market and local economies, including a financial crisis in Europe, high unemployment numbers, and the uncertainty of an upcoming Presidential election...Many buyers will continue to see very advantageous purchase opportunities as a result of of continued uncertainty and downward pressure on prices. As RE/MAX Professionals REALTORS, we remain steadfast in our commitment to our clients, no matter what their needs and no matter the market conditions. We are here to provide them with the highest level of personal service to help them achieve their real estate goals"

 Bill Campbell - Arrowhead North Office (works all areas of the Valley)

 

 "There are strong signs that the single-family housing market is poised for a rebound in 2012. My opinion is that the market has "bottomed out" with sales and pricing moving forward. The foreclosure market is declining while short sales and traditional sales are rising. Existing home inventory is currently at the lowest level in five years. Therefore, 2012 is going to be an exciting year with affordability at a record high and interest rates at historic lows!"

Melissa Dierks - Arrowhead South Office (works all areas of the Valley)

 

"In 2012 I expect we will see increased short sale transactions and reduced foreclosures. There will be more investors trying to buy REO properties at trustee sales as inventory is lower due to reduced foreclosures. Housing prices will continue to be stagnant with little increases in value"

Linda Rehwalt - Anthem Specialist

 

"2012 is geared to be a turning point as the economy is the focal point of the Presidential election. Reflecting on Phoenix's history with the precipitous rise and fall of crisis periods Arizona should play a role as a driving force for housing, mirroring the emphasis for growth. With less inventory in the lower priced housing market, buyers will be gradually purchasing higher priced homes. The prices should begin to rise incrementally, forcing renters and potential first time home buyers to evaluate the market and determine that the time to buy is now, not in a few years. Arizona is a viable barometer of the country's health, and as we begin to prosper, so will the rest of the country"

Karen Phillips - Arrowhead North Office (works all areas)

As you can see, our agents are ready to help in 2012. They are educated, they are motivated, and they work this business FULL TIME. They know the areas they work. Our agents averaged over 26 transactions per year while the national average was just over SIX! They work with distressed homeowners, investors, first-time buyers, and just about anyone you can imagine EVERY DAY!

If you would like to speak with any of our agents, please reply below or email me at scottwellman@remax.net and I will forward your contact information immediately.

All included statements and opinions are solely those of the individual agent and do not necessarily represent the opinions of RE/MAX Professionals.

Best Wishes for a PROSPEROUS 2012!!

 

Just my thoughts Laughing