A Housing Bubble in the making

Housing prices have not reeled under such a blow since the Second World War. Expectations are high and a new housing bubble is in the making. But industry analysts are guarded, deflating hopes of double-digit appreciation. Instead they predict an unsteady, tortoise-like rise. The Fed has been mopping up mortgage notes so far, which is likely to end soon. In an effort to woo homebuyers back into the market, the Board of Governors is keeping interest at or around zero percent.

The embryonic housing bubble is nurtured by the Fed’s goal to resuscitate the housing market and stimulate economic recovery. However, little has been done for real estate speculators and investors, entrapped in the foreclosure vortex. A record inventory of foreclosures will be on offer, as soon as the banks raise the mortgage floodgates. Property prices in the major part of the country are expected to see a further decline if the government does not take firm measures with bankers, to work with homeowners facing foreclosure.

Forecast for the Bay Area

Housing markets in some parts of California appear to be poised for a turnaround. The turnaround is likely to take place at snails pace in the Bay Area where large numbers of sub-prime and adjustable rate mortgages were transacted.

Dale Warfel is a Bay Area realtor backed by 13 years experience. He knows the territory and is on top of fluctuations in real estate prices. He has been of invaluable assistance to homeowners in effecting short sales to avoid foreclosure. Dale has a listing of foreclosures for investors and homeowners looking for a bargain. To contact him, call 408.624.6202. For more on Bay Area homes listings, please access his website at www.dalewarfel.com.

Virtual Staging a Home

A house should be presented at its best to fetch the best price and attract buyers. But the cost of staging a house can be excessive, well outside the reach of a prospective seller, especially for a vacant property. Props and furniture will need to be hired which makes the staging cost prohibitive.

Many home sellers and realtors are resorting to virtual staging, resorting to computer technology to adorn their potentially listed homes for sale with furniture, photos and other décor. Many buyers today use online photos to narrow their choices, so this method makes sense. Today professional stagers can create staged images of a home at a fraction of the cost of physical staging and in double quick time. The images, which are stunningly realistic, veer away from the idea that they are computer generated.

Dale Warfel for Bay Area Listings

Dale Warfel is in the business of buying and selling homes in San Jose and other surrounding neighborhoods in California. He is an experienced realtor who knows the area intimately and keeps his ear to the ground for Bay Area homes, condos and general real estate that are up for sale. Dale Warfel offers advice on buying and selling and staging a home for sale. His website, www.dalewarfel.com is a fund of information. This Bay Area realtor can be contacted by calling 408.624.6202.