May 2008 saw over 73,000 home foreclosures, almost trebling May 2007′s 28,548. This hurts everyone. There will always be foreclosures, repos and REOs going on the market, but those extra 45,000 repossessions flood the already swollen inventory with under-priced distress sales. It will be a while before we wring out the casualties and return to any [...]
Archive for June 13th, 2008
Foreclosures Triple
Posted in Foreclosures, tagged buyer's market, Foreclosures on June 13, 2008 | 1 Comment »
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J. Philip Faranda Broker-Owner (914) 723-8900
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