Foreclosure may be a thing of the past

According to a post in the Sun Sentinel there may be an end in sight for the foreclosure epidemic.

According to Weston attorney, Roy Oppenheim, foreclosures are set to decline sharply this year. Mr. Oppenheim explains that lawyers for lenders are more careful about filing cases and banks are becoming more reluctant to proceed with foreclosure proceedings. With fewer homes being foreclosed on the result will be more short sales, loan modifications and even mediation.

With less foreclosures and more alternate means of coping with underwater homeowners, housing prices should begin to stabilize.

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Gains in housing prices

According to an article published in the Sun Sentinel: “20 major housing markets report gains”, there are 20 major metropolitan areas enjoying an increase in housing prices. The Sun Sentinel’s findings are based on the latest figures released by the government.

Nationally, according to the Federal Housing Finance Agency, the average price for new and existing homes increased by 2.4 percent. Several markets even reported gains in the double-digits, with some increasing more than 30%. Big gains mean that buyers have enough confidence in their local housing markets despite dropping prices in other locations.

Higher prices even if only slightly higher must be taken as a signal that there are some housing markets that have already hit the bottom and are now moving forward.

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The Victorian Look is Still Hot

According to an article published in the Sun Sentinel Victorian interiors are very much in style. In the Victorian era people were forced to express their sensual urges through their homes design. The home became the only place in which there was no repression, making it a place of contradictions rather than convention.

Once again, this trend of black textiles, paints, and wallpapers is becoming popular. During Jayson Home and Garden Flea Market which runs Sept 24-26, interior designers will have a greater chance of exploring this trend.

In the modern home, the Victorian influence can be seen in the animal prints, feathers, and animal influences. It really isn’t much different than it was back in the day. More recently, the Victorian influence has gone further over the top.

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