Even so, there are signs of hope. Existing home sales are up by a large margin compared with the close of 2010. And for those with the cash, credit, and determination, there has never been a better time to buy a home or apply for a mortgage or refinance.
Mortgage interest rates are at all-time lows, hovering at or under 4 percent for a 30-year fixed loan. Last Thursday, Freddie Mac reported that mortgage interest rates matched the all-time low.
With some careful planning, a little research and a lot of persistence, you can avoid housing market misery in 2012, and come out on top.
Here are four best real estate moves you'll want to make this year:
1. Surround yourself with experts
No matter your goal - a first home, a refinance, reverse mortgage or the purchase of an investment property - you will need a little help from qualified professionals who can help you navigate the rough real estate waters.
Having a good experience starts with hiring someone who has been around this block many times before. So find yourself a very experienced real estate agent who can list your property or help you find the right new home.
But you'll also need to secure the services of trusted experts who can help you seal the deal. Look for a great mortgage lender, real estate attorney (especially if you're buying a foreclosure or short sale or are selling in a short situation), home inspector and tax advisor (for real estate investors).
Putting together the right team can go a long way toward helping you make sound real estate decisions in the coming year.
Read the read of the list at: http://www.cbsnews.com/8301-505145_162-57348884/4-best-real-estate-moves
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