Foreclosure Predictions

Posted by on Thursday, December 9th, 2010 at 10:58am.

When I started in Real Estate a decade ago foreclosures were few and far between, and were certainly not something you would find in any neighborhood that you wanted to live in.  It is a whole different ball game now, with short sales and foreclosures making up a huge bulk of the sales.  There are pro's and con's to buying a foreclosure or a short and I love having a chance to discuss it with homebuyers.  Of all the news and uncertainty surrounding the housing market these days one thing is for sure; foreclosures will likely be a dominant force in the market for the foreseeable future. Here is a link to an interesting article on Forbes magazine discussing the new rise in strategic defaults and some predictions on the comeback of a more 'normal' market.  Enjoy:

http://blogs.forbes.com/morganbrennan/2010/12/08/foreclosure-a-sound-financial-option-for-u-s-homeowners/

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