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:
Sean S. Williams
Licensed Broker, Realtor®, ABR®, e-Pro®
1st Time Buyer & Relocation Specialist
of Louisville, Kentucky
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