A NOTE ABOUT THE CURRENT MARKET

CNN Money sees this year as THE pivotal year in the downturned market, the year where it starts to slowly turn around. Daren Blumquist, the vice president of Realty Trac voiced his opinion saying, "We believe 2012 could be a record year for short sales. What states are the highest for short sales? In the over 20% category you will find, California, Nevada, Arizona, Colorado, and Georgia. Expect these states to lead the way out, by processing homes for sale that in previous years would have languished in various stages of default, bogging down banks, and the market. Finally, the National Association of Realtors says sales overall will be 12.8% higher than a year ago, setting the stage for more stabilization in 2013 and 2014, with appreciation being predicted at 3.2% for 2015. Could it happen? What do you think? Time will tell, but if history tells us anything at all, it's that California appreciates.