Macro Real Estate Trends

All of the real estate news points to these 5 trends:

1. Consumer confidence in real estate is increasing.
2. Foreclosures, notices of default, and the percentage of Americans behind on their mortgage payments are all decreasing.
3. Home prices are still about 30% below the peak in 2006. This varies by neighborhood in Park City.
4. Interest rates are still at all time lows.
5. Inventory is very low, creating multiple offer situations for desirable properties.

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