Currently in the US housing market things are a little bit tough, there are 1,000s of homes for sale area of every city and in all the suburbs. This means with such huge supply it is a buyer's market and distressed sales and foreclosures drive average home prices down even further. If that is not enough lenders have tightened up credit requirements for homebuyers; something they should have done at the top of the market, not here at the bottom.

Needless to say, there are lots of homes for sale and few buyers. Many home sellers who are upside down in equity end up doing Short Sales, selling their home for less than is owed and promising to pay the bank on a note later. The banks would rather do this so they do not have to foreclose and lose even more, as they maybe unable to collect on the balance from the former homeowner.

Then of course, the real estate agent and their broker also have to be paid, this is yet another fee out of the deal, and each incremental cost, makes homes harder to sell, as they cannot meet the financial needs of buyers, sellers and lenders. When this happens the home remains on the market adding to the excess inventory. A vicious circle of housing crisis making some analysts wonder; will it ever end?

Recently, one housing Think Tank participant proposed that all real estate agents depart the scene for a while, allow paper work and regulations to relax, so folks could sell their homes without the agents, eliminating another 5-6% of the costs. This would allow more homes to sell and help close the gap, as that 5-6% could mean that a whole chunk of homes would be sold, and would be taken off the market and taking up the slack. Something to think on and an interesting conversation either way.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

Fixing How Real Estate is Sold - The Time for Change is Now
The government has confirmed that which nearly everyone in the country already knew ? the median price for homes has fallen all over the country. That's not news for the countless number of home sellers who are facing severe crises due to the length of market time. When the fallout of this market ... more...

The Coachella Valley Housing Market
The figures relating to declining home sales in the Coachella Valley as summer begins and temperatures rise do not look good. But as with all things, even poor figures in a strong housing market make for headlines, but have little affect on reality. Here are the latest figures. First, the Statewide ... more...

California Home Equity Sales Contract Act - A Mine Field for the Unprepared!
When I first got started in the real estate investing business in 2006, the avalanche of foreclosures was just beginning. Before attempting my first short sale here in Southern California, I discovered I needed to comply with Civil Code Section 1695 by using a very particular type of purchase and ... more...

Third Quarter Real Estate Market Report
Third Quarter Market Report Challenges, Opportunities, and Surprises, Oh My! Someone named Anonymous once said, "Many an opportunity is lost because a man is out looking for four-leaf clovers." That quote seems to sum up the real estate market - buyers seem to be looking for some sort of incredible ... more...