foreclosure: What Do Current Foreclosure Numbers Suggest for the Economic Future of Arizona and the Nation? - 05/24/10 04:45 AM

The foreclosure crisis is still with us—and it is pulling down whatever economic recovery we may have seen. The number of bank owned properties, and the actual repossessions in the last quarter, is at an all-time high. As more and more foreclosures hit the market, it drags down the overall value of homes. And when house prices drop, as we have seen in recent years, the economy drops with it.
After all, why would someone want to pay $50,000 more for house A, a regular listing, than for house B, a foreclosure? If both homes are in good condition and … (2 comments)

 
Curtis Johnson (Curtis Johnson Realty)

Curtis Johnson

Gilbert, AZ

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Curtis Johnson Realty

Address: 2680 S Val Vista Dr Bldg 5 Ste 122, Gilbert, AZ, 85295

Office: (480) 355-4000

Fax: (480) 355-4020

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