Coming year to be positive for real estate industry

In 2012, we saw the continuation of the housing recovery in California with solid sales volume and price increases throughout much of the state. In addition, many were helped via loan modifications and short sales from being underwater on their homes.

Several have said that this recovery is artificial. There is no question that government intervention played a major role and will most likely continue for the foreseeable future. The biggest change in 2012 was the dramatic decline in foreclosure sales. Per ForeclosureRadar.com, over the past 12 months, notices of default plunged nearly 50 percen...