We are no longer in the top 11 States for Foreclosures

By
Real Estate Agent with Marlene Dietrich Real Estate DRE #01291332

We are no longer in the top 11 States for Foreclosures    

A Recent article in 24/7WallSt.com had Florida as the State with the most foreclosures in the Nation with New Jersey with half as many in second place. Nevada was in there as #4. NO WHERE in this article was California and they went down to the top ELEVEN. In the beginning, California was right up there in the top three with San Joaquin County and Riverside County being the biggest areas hit.

This is a good indication that we are on our way up. Rates are the lowest in 40 years home prices are the lowest they have been. All of the economic indicators show that we have hit the bottom here and will be recovering in 2012. There is a shortage of homes and with the supply and demand economic equilibrium, home prices will, ever so slowly, start heading upward; but we DEFINITELY have hit the bottom.

With the Nation’s unemployment rate at 8.3%, California at 11.1% and Orange County at 7.8%, we are definitely in the best position for the end of our dropping home prices. New home builders have been increasing their home construction and increasing their home prices with each phase. Resales should be following suit. It is the PERFECT time to buy.

Now all you need to do is find the right Real Estate agent to help you with the legalities, and safety factors and a fair and equitable price. A team is the best position to be of assistance to you, with the diversity and the ability to meet your schedule needs.

www.MarleneDietrichNewportCoastRealtor.com

MarleneDietrich@REaltor.com

Marlene, Tony & Mike

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Rainmaker
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P.J. Virgilio Jr., Realtor 408-568-6578 Selling homes in the Greater San Jose area and South through San Martin, Gilroy
Keller Williams Realty Silicon Valley - Gilroy, CA
San Juan Bautista and Hollister as well!

Wow Marlene,

Thats a Bold statement to be made on OPS (other peoples statistics) in this day and age... don't get me wrong I hope you're correct but I see a very different picture in my market area.

 

Feb 16, 2012 03:34 AM #1
Rainmaker
166,954
Marlene Dietrich
Marlene Dietrich Real Estate - Newport Beach, CA
Neighborhood Real Estate Specialist

Thats not to say we are not having foreclosures but we are not at the top as far as the state and Orange County like we used to be. I dont know what Campbell is like but we are a coastal area with more to offer than the San Jose area

Good luck

Feb 16, 2012 05:16 AM #2
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Rainmaker
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Marlene Dietrich

Neighborhood Real Estate Specialist
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