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Breaking News!!! Approximately 93% of Homeowners are just fine!!

Reblogger Sybil Campbell
Real Estate Agent 0225218019

It is a good thing to get a reality check once in a while, thanks Bryant!

Original content by Bryant Tutas BK607690

That's right. By far, the overwhelming majority of Homeowners in this country are NOT losing their homes. They either own their properties free and clear or are making their payments on time.

It's hard for us to see this because we are in the business. If you are like me you live and breathe Real Estate. We talk to people all day long who are struggling and it's very easy for us to forget that most Homeowners are living in and enjoying their homes.

I've mentioned many times over the last couple of years how more than 85% of the real estate closings in Poinciana Florida are distressed sales. But what I don't mention is that there were only 1,654 sales for 2009 out of 20,700 properties. About 8%. So 92% of the folks in Poinciana stayed put. That's right in line with the National average.

From what I could find online there are approximately ****129,400,000 homes in the US. Depending on where you look only 7-10 mil of these are in some stage of default. That's roughly 7%.

Approximately 93% of the Homeowners in this country are doing OK. That makes me feel good. How about you?

****I spent about an hour this morning pulling stats and data and there really are no numbers that agree. So for the purpose of this post I just used averages. If you want more precise figures then feel free to do your own research.

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

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Posted by

Sybil Campbell, REALTOR®, ABR, SFR, SRES

Long and Foster, REALTORS®

(757) 876-0140

WHATEVER THE DIRECTION SYBIL CAN HELP YOU LOCATE THE HOME OF YOUR DREAMS

sybil.realestate@gmail.com

Bryan Watkins
LRA Real Estate Group - Mesa, AZ

Sybil, that is right. Most people are just fine. I heard about the reports also.

Apr 17, 2010 05:30 PM
Gary Pike
Better Homes and Gardens Real Estate Metro Brokers - Powder Springs, GA

Thanks for the post.  When in the forest it is sometimes hard to see through the trees.  Something I have also found interesting through this is that people will still buy a home priced more than the neighborhood full of foreclosure and short sale opportunities if it is a good value, best shape, well maintained, ect.  It is sometimes difficult to remember not everyone wants a home in distress, their more interested in making a home than a profit.

Apr 17, 2010 10:07 PM