Much ado has been made in the press about the "rising number of foreclosures" and the "housing slump".
The media is typically behind the curve when it comes to market trends.
When the media says "Real estate values are in a free-fall", we who work in the business just shake our heads with amusement because we see the true numbers that clearly show the market is recovering.
Loudoun and Prince William Counties were clobbered by unprecedented numbers of foreclosures 2006-2007.
Market data in 2008 shows declining numbers of foreclosures for sale, and fewer foreclosures entering the market for sale.
In Loudoun County, foreclosed homes for sale in 2007 numbered in the thousands. Today, the number of foreclosures has fallen to just 168 homes. Yes, just 168 foreclosed homes for sale in Loudoun County.
In Prince William County, foreclosed homes for sale in 2007 also numbered in the thousands. Today, there are just 818 foreclosed properties in Prince William.
CLICK HERE for hand-picked single-family foreclosures in Loudoun County.
CLICK HERE for hand-selected primo foreclosed townhomes in Loudoun County.
CLICK HERE for a hand-picked list of some foreclosed townhouses in Prince William at bargain prices.
CLICK HERE for a hand-picked list of single-family foreclosed homes in Prince William.