Special offer

Foreclosures are What New Home Buyers Want

By
Real Estate Broker/Owner with Exit Strategy Realty

 

 

The second quarter statistics are showing that new Buyers are buying Foreclosures at a steady pace.

Almost 4 out of 10 sales in the second quarter of 2009 have been foreclosures.

The number of foreclosure continues to attract new home buyers.

County # of Single Family Sales # of Short Sales # of Bank Foreclosures Percent of Total
Cook 5606 426 2150 47 %
Lake 1212 114 343 38%
McHenry 578 79 140 38%
Dupage 1363 233 137 37%
Kane 796 93 204 37%
Will 1216 127 398 43%
Posted by

 

Jack Lewitz Broker Owner

http://www.ilrealestatespecialists.com

 Email Jack Today: jacklewitz@sbcglobal.net

 Call Jack Today ! Cell: 708-309-5334 Office: 847-674-6710

Irene Kennedy Realtor® in Northwestern NJ
Weichert - Lopatcong, NJ

Jack,

At first I though you meant "new construction" foreclosures... We're seeing more of those around Sussex County, NJ! 

I think in most markets that 1st time buyers are begging for foreclosures. It can be difficult to get them to look at equally-priced homes that aren't REOs.

Jul 03, 2009 05:34 AM