I read some really interesting statistics this morning. Statistics have been released from Realtytrac.com concerning foreclosures in December 2008. For those of you who are concerned about the number of foreclosures happening in Alabama, you should feel pretty good about this information. In Alabama, for December, there were 737 new foreclosures reported. I know, that seems like a pretty high number, but, if you look at our surrounding states, it's really not as bad as you think. Georgia reportedly had 10,031 foreclosures for the same month. Florida had 50,808 foreclosures reported for the month of December. Tennessee reported 3,884 foreclosures for that month and Mississippi had the fewest foreclosures at 132. The nationwide number of foreclosures reported for December was 303,410.
I, personally, feel much better knowing what our number is here in Alabama as compared to our neighboring states. It's hard to believe that Georgia and Florida have so many foreclosures and I feel fortunate that we haven't experienced the saturation of foreclosures in our market to the same degree. The difference in the numbers here is unbelievable.
So, if you're trying to sell your home right now, just know that it really is a great time to be selling, it just might take a little while longer. If you're wanting to purchase a new home, the time couldn't be better. There are so many properties to choose from and you know the home will be priced right.
I have a beautiful, blue sky, sunny day out my window and I hope all of you have a wonderful day and a great week ahead!!
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