Foreclosure Rate
by BloggerInParadise on Jun.10, 2010, under Real Estate Discussion
The foreclosure rate seems to be leveling off – see article on my news site. This is good news and it’s been happening in our area for the last few months. Although there are a lot of foreclosures in the pipeline, slowing down the supply coming on the market is helping demand stop the downward spiral in prices. This helps everyone. Once the flood of foreclosures is taken care of prices will firm and eventually slowly start climbing. Don’t expect prices rising like the go go days of a few years ago.
June 10th, 2010 on 11:08 am
You see lots of articles on TV about foreclosures and they don’t seem to be slowing down much.
June 10th, 2010 on 11:15 am
True, but remember that you’re seeing articles that are national. Real Estate is local. Down here we entered the foreclosure mess way before everyone else did, so we’ve gone through the worst already. Plenty of homes still being foreclosed on, but it’s slowing. Prices are firming. Kind of the light at the end of the tunnel – I hope. If you want to keep up on what’s happening locally go to my News site, swflrealestatenews.com and sign up for my free monthly newsletter. It will give you all the local stats. I update the site with articles almost daily. If you want to discuss one, just enter comment on something here and I’ll start a new line.