Foreclosures to Increase in 2011

By
Real Estate Sales Representative with Wizards of Waz Real Estate

This article from RealtyTrac offers me no surprises. They use data from a number of different sources to project future housing market trends,. My only argumnet is that, where they feel that foreclosures will increase slightly in 2011, I feel they will increase substantially in my market of Maricopa Arizona.  There are still far too many distressed homeowners for this problwm to go away soon.

http://bit.ly/hBc29F

 

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Rainmaker
722,687
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Morning Waz

Thanks for the post and information. Have a great day.

Jan 13, 2011 12:17 AM #1
Rainer
209,593
Dennis Duvernay Broker/Owner
Hillview Realty - Northbridge, MA

I read their will be 4 million property's going under this year.....2 million will short sale and 2 million will foreclose...not good news if this predictor (guesser ) is correct....

Jan 13, 2011 12:22 AM #2
Rainer
117,647
Nicole Needham
Needham Realty - Winters, CA
SFR (530) 302-5478

Bill,

I predict less foreclosures and more short sales in my market.

Jan 13, 2011 01:11 AM #3
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Rainer
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Bill "Waz" Wasowicz

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