Special offer

Housing Recovery Not Likely in 2011 - Top 10 Foreclosure Cities

By
Real Estate Agent with Keller Williams Realty Kingstowne/Alexandria, VA Office

The report looks at cities with a 200,000 plus population. The D.C. area isn't among the top 10 highest or the top ten lowest. However, 2011 looks like another year of opportunity to buy a home, despite local year over year (November to November) increase in prices. The Fed is keeping interest rates low for the time being. How long that lasts depends on the overall economy. The economy is improving but not fast enough for those looking for employment although there appears to be stabilization for those that managed to keep the jobs they have.

Here is the article in depth from marketwatch.com: http://www.marketwatch.com/story/top-10-cities-where-foreclosure-rates-are-highest-2011-01-27?pagenumber=2

 

 

Comments (1)

Rich Sellers
Rich Sellers Lake Arrowhead, CA (Coldwell Banker) - Lake Arrowhead, CA
Realtor DRE#01148405

I think your correct, at least another 18 months before we see any true recovery.

Jan 28, 2011 07:33 AM