Louisville Kentucky Home Insider: Cycle of Foreclosure: PRICES ARE UP!!

Cycle of Foreclosure: PRICES ARE UP!!

Back in April of this year (2012) I posted a blog article regarding how the "Foreclosure Activity Has Hit Its Lowest Level Since Q4 of 2007" About 6 months later we are finding that generally PRICES ARE UP while Delinquencies, Foreclosure Inventory & Negative Equity are all DOWN.

Foreclosures create have a cyclical nature on the real estate market; therefore the fact that prices are up helps up break out of this damaging cycle and move closer to a healthier market place. This illustration by CoreLogic serves as a great example:

 

Louisville KY Foreclosure

Sean S. Williams
Licensed Broker, Realtor
®, ABR®, e-Pro®
1st Time Buyer & Relocation Specialist
502.727.9784 cell
Semonin Realtors
of Louisville, Kentucky
"Eat. Sleep. Real Estate."

Search Louisville Homes  Home Mortgage Application

 Visit My Fan Page!Follow Me on Twitter!Connect with me on LinkedinYouTube Channel

 

*Serving the Louisville, Kentucky & Surrounding Areas.
Trust in a dedicated Real Estate professional to cater to your needs.
Accredited Buyer Representative
® , e-Pro®, First-Time Home Buyer Specialist & Louisville Relocation Specialist. 
I would love to assist you today!*

Comment balloon 2 commentsSean Williams • October 15 2012 06:08AM

Comments

Interesting things going on out there with everything going on below the surface. We have a dramatic decline in Foreclosure notices filed in Southern Nevada but the Mortgage Bankers Association is reporting over 50,000 Las Vegas homeowners 30+ days late on their mortgage payments.

Prices have taken a jump year over year in my Las Vegas zip codes... but it's more about inventory levels at the lowest I've seen since 2005.

 

Posted by Paul Francis, Las Vegas Real Estate Agent - Summerlin Homes (Francis Group Real Estate) about 6 years ago

Sean - yes, the times are a changing.  It's important to keep informed as real estate is changing constantly.

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) almost 6 years ago

Participate