I never would have guessed our local Cherokee County Georgia real estate market would end up with more foreclosures every month (about 250) than actual sales every month (about 200). It is just a sign of the times. The entire Atlanta Area Real Estate market is suffering a similar fate, although areas with great inventories of new homes seem to struggle the most.
Some of the real estate deals are incredible, with homes costing less than an SUV! Many people are trying to diversify their investments, by purchasing investment or second home properties, especially with all the turmoil on wall street. At least real estate is a tangible asset that won't dissolve into nothing overnight!
My website has a special section with all Cherokee Foreclosures, making it super easy to search them and sign up for auto email updates of new listings.
As discouraging as the market is for sellers, there are some proven ways to make a sale likely in this market! Marketing with great photos and descriptions of the house, putting a home in move-in condition, and pricing it based on today's market creates a recipe for success.