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5.27 % Slumps in Home Listings in December 2010

Posted Wednesday, January 12, 2011

As of December 2010 the number of home listings within 26 major U.S. metropolitan areas slipped by 5.27%,, compared to a month prior, according to a survey done by Zip Realy. This could be a result of the holiday season which has a tendency to slow down as people begin to travel and are also worn down and tend to show houses less. However, there are many companies that offer to sell my house fast, sell my house, or we buy houses. These companies help people out of a bind when they need to move quickly, for example job relocations or just need to get out of a mortgage that they cannot afford. If you are stuck where keeping the house is going to cost you more than to take a loss now, or if you cannot find somebody to rent your house then these companies might be the best place for you. They offer a quick and easy way to move on with your life.

What is even more frightening is that Inventory grew at a steady pace year-over-year for the first eight months of 2010, and December was up 11.2% compared to a year ago, based on the same survey by ZipRealty. Las Vegas, San Francisco Bay Area and San Diego saw more than 50% growth from the same time last year. As this inventory continues to grow and sales go down over the next couple of months people will see prices go down and the need to sell my house fast will become even more important. If you cannot sell your house we buy houses and that allows us to take on all of the risk and give you peace of mind. So if you are a person that is saying I really need to sell my house, these companies could be your saving grace.

If you are in the Las Vegas area the need for these types of companies is especially important. According to the Salestraq.com, as of October 2010 seven out of ten homes existing home sales are classified as distressed (Auction, REO, or short sale). Almost four out of five homes sold through the MLS were vacant and forty four percent where sold for cash. In the same October foreclosures increased ten percent over September. The bottom line is that if you need your house sold quickly and you do not want to lose any more money than you already have these are the best kind of companies to go too.