Many homeowners worry about their property’s long-term value. They worry about whether the house will be worth more when they choose to sell in 20 or 30 years rather than going down in value. The following paragraphs contain some wisdom on this subject.
Since the peak, foreclosures have been steadily on the decline by nearly 100,000 per year all the way through the end of 2016, as seen in the chart below. If this trend continues, the country will be back to 2005 levels by the end of 2017.
As the economy continues to improve, and employment numbers increase, the number of completed foreclosures should continue to decrease. source: Real Estate with Keith Kreis
Many home buyers are unaware just how complicated purchasing a home can be. Lean on this advice when you need to purchase property.