House Prices at their Lowest
January has Proven to be the hardest on the faltering housing market as home prices have gone further down rattling even the staunchest investors. Which goes to say that the worst is still to come. Many who have been hoping of getting better prices for the homes they are selling have long given up hopes and they have to settle with the highest bidders even at the lowest prices.
All tactics are going into play including extreme ones that advertise homes for as low as $1 on eBay. The federal government has issued many warnings regarding scams for they have been noted to have increased by 26% which is attributed to the current financial crisis. Recovery if it is coming is taking a bit longer than expected, just hope mortgage rates continue to drop which seems to be the only good news in the troubled housing market. Consumers are warned of the many online scams that are victimizing eager home buyers who are taking advantage of the current price drop, by following well established procedures and dealing only with authorized brokers.