Foreclosures Rise In Hampton Roads

By
Real Estate Agent with Fathom Realty

The last quarter has seen a rise in foreclosures in the Hampton Roads area.  They went up 22% verses 23% for other areas.  While this is a healthy increase, Hampton Roads is still low being 84th out of 100 largest metro areas.  The area comprises Virginia Beach, Chesapeake, Nofolk, Newport News as well as Portsmouth and Hampton.  This means that 1 out of 544 households received a notice of default, auction-sale or bank-repossession during the quarter.  This compares to 1 out of 194 in the 100 largest metro areas.  Scary stuff indeed but it could be scarier.

http://www.genesellsvirginiabeach.com/  Come and see ALL the Homes for Sale in Virginia Beach, Chesapeake, Norfolk, as well as the rest of Hampton Roads.  This site is updated daily with new real estate listings, pictures and other information vital to your home search.

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 www.geneallen.realtor  Come and see ALL the Homes for Sale in Cary, Ralegh, Wake Forest, Durham as well as the rest of the Triangle Area. This site is updated daily with new real estate listings, pictures and other information vital to your home search

 

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Gene Allen

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