Foreclosures Now!

By
Real Estate Agent with LONG and FOSTER REAL ESTATE, INC.

I've heard comments from some sources recently that Foreclosures were as high as 1 in 4 Home Sales in 2011. Also, since they have still been delayed in many instances that they will continue to be a big part of home sales in 2012.  If this is the case, then of course this will continue to put downward pressure on what homes will sell for this year.  Interest rates are still at historic lows.  The question is how much will Buyers step up to "The Line" and make a purchase, or Sellers see the advantage of selling their homes now, as opposed to later.  Rich Salla GRI, ABR

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