2 zip codes that I have worked heavily in the past seem very depressed. When I check the deed transfers, I am find abut 1 in 3 sales involving a bank either being the buyer via foreclosure / deed in lieu OR the bank selling to a buyer.

 

Makes the whole retail market in those areas difficult to market.

 

Is there a name for such a market situation?

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2 Comments on WHAT DOES IT MEAN WHEN OVER 30 % OF SALES IN ONE ZIP CODE INVOLVE A BANK SALE?

APR
16
2009
156,166 Points

Joe:  Yes, the name for this is "Detroit".
9:50am • #1
863,452 Points 5 Featured Posts Hit Router Called Shot Master

HA!

 

I forgot about that great city!
10:23am • #2


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Joe Jackson

Columbus, OH

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Keller Williams Capital Partners Realty

Address: 100 E Wilson Bridge Rd , suite 100, Worthington, OH, 43085

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