Historically speaking housing prices stabilize within five to seven years.  By this measure the worst of the housing crisis should be behind us.  Mortgage rates remain at historic lows and real estate prices have fallen to levels where attractive bargains are easy to find.  For those interested in purchasing or selling a home in 2011 several informative tips can be of help.  For example, if a seller has had his/her home on the market too long this is a good indication they are not facing market realities.  Conversely, buyers should check for things like illegal additions.  Revenue starved cities have begun cracking down on un-permitted work.  One of the best ways to catch these problems is to obtain a new land survey of the property.  This and other useful tips are explained in this weeks article.

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