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: