Foreclosures Reach Record Highs in 2010
Daily Real Estate News | January 5, 2011
Foreclosures Reach Record Highs in 2010
Foreclosures were big in 2010 and buyers eager to own them came out in record numbers, Foreclosure Deals, a news source, reports.
Experts are expecting foreclosures to climb even higher in 2011.
"We saw a lot more repossessions, but we also saw record numbers of home buyers at foreclosure sales," said James Foxx, business analyst for Foreclosure Deals. "Foreclosures are selling at rock-bottom prices, and they remain the best way for first-time home buyers or investors to find the best deals. I think it's clear that statistics for foreclosures in 2011 are going to look very similar to those for foreclosure filings 2010..."
http://www.realtor.org/rmodaily.nsf/pages/News2011010502
Daily Real Estate News | January 5, 2011
Foreclosures Reach Record Highs in 2010
Foreclosures were big in 2010 and buyers eager to own them came out in record numbers, Foreclosure Deals, a news source, reports.
Experts are expecting foreclosures to climb even higher in 2011.
"We saw a lot more repossessions, but we also saw record numbers of home buyers at foreclosure sales," said James Foxx, business analyst for Foreclosure Deals. "Foreclosures are selling at rock-bottom prices, and they remain the best way for first-time home buyers or investors to find the best deals. I think it's clear that statistics for foreclosures in 2011 are going to look very similar to those for foreclosure filings 2010..."
http://www.realtor.org/rmodaily.nsf/pages/News2011010502
