I found this fascinating quote today:
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Zillow COO Spenser Rascoff, in an appearance on Fox Business expects a new wave of foreclosures in 2010. Some of the points he made include:jimmystewart.typepad.com, Jimmy Stewart - San Antonio REALTOR, Nov 2009
You should read the whole article.
Probably area dependent. I believe we will see more foreclosures in our area in 2010.
Jimmy - I agree with Spenser, but am aware that the numbers will vary widely around the country. We currently have millions of homes in various stages of default, and the foreclosure process will have to begin soon. I posted on this problem yesterday.
Hi everyone,
Spencer from Zillow here. You can see lots of interesting data in our local pages. Goto Zillow and click the "local info" tab. Then click "home values on the left side and search for your city or neighborhood. Click "more metrics" on the left. Jimmy, unfortunately we have limited data in Texas. (Tell your legislator that being a non-disclosure state is a bad thing!) But here's Seattle's home foreclosed % for example.
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