It's Time for Homebuyers To Start Shopping

OK, I don't usually post real estate market reports or updates but this is news worthy of sharing. As a lurking buyer myself currently looking to make an investment in a personal residence, I found this information to be more than just useful, it's essential to evaluate and understand the big picture.

Stan Humphries, our Chief Economist at Zillow appeared on The Wall Street Journal Report with Maria Bartiromo this weekend to talk about the housing market.

Stan says 2012 will be a confusing year for consumers. The housing market is in a bottoming process, and during that process a lot of indicators (home sales, home prices) go in different directions.  He encourages people to pay attention to the yearly changes rather than monthly blips.

Stan also offers his advice for home buyers looking to time the market bottom.

Often consumers get hung up on home values and don’t pay enough attention to interest rates. He says home buyers need to think about the overall financing of the home, not just the initial sticker price.

Watch the entire CNBC Video interview here: