Great Foreclosure News

Real Estate Agent with (Ballenger Realty) 27941

Beaufort Real Estate infoLooks like the real estate recession may be officially over, as the market continues to make positive gains, this time with foreclosure news.

Nationally, foreclosure inventory declined yet again in June to the lowest rate since August 2007. Foreclosure filings were also down 6% from May and 19% over a year ago.

Hard to believe the beginning of the real estate recession was that long ago. In Beaufort, the recession hit with a vengeance in April 2006, as sales dropped dramatically off, year over year.

It took a couple of years for  prices to  start to really come down, but it was spring 2006 when we noticed the big dip.

I look forward to several years of positive steady gains.

Have a great weekend everybody.

Comments (1)

Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to share this information.  This is perfect for buyers to make informed market decisions.  Very professional!

Aug 13, 2016 10:41 AM