Housing Market: 5 Years Later

housing market, new home sales, for sale sign, home buyer, seller, agent, real estate

Now, that number is closer to 12%. Last week, RealtyTrac reported foreclosure filings fell 34% in August as first-time defaults dropped to the lowest level in almost eight years, thanks to rising home prices. The foreclosure process varies by state, and those that involve going to court draw the process out, making it harder for foreclosures to work through the system. In states visit site where you dont have to go to court, the rate is around 2% right now, but in the court-involved states, the rate is still high since it takes two to four years, says Newport. Smith says about two million foreclosures still need to work their way through the system.
For the original version including any supplementary images or video, visit http://www.foxbusiness.com/personal-finance/2013/09/16/housing-market-5-years-later/


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s