My Real Estate Blog

The market continues to show signs of stress as a result of the financial markets. It is hard to tell what prices are doing since not much has sold. The inventory is still low so there is not much for buyers to pick from. Four homes sold this week - one was a pre-foreclosure that has had a contract and lost it and now has one again and one was a foreclousre. Two non-forelcosure homes sold this week out of 72 available single family homes in 20171. Interest rates bounced up with the selling of the bonds to cover the bail out so we will see what happens this week. There were 7 new listings 3 were relists and 2 were new bank owned properties. You can still see investor activity buying up the foreclosures so hopefully this will spark the non-foreclosure sales.

Posted by Angela Mitchell on October 19th, 2008 9:24 AMPost a Comment (0)

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