Susan Hilton College Station Real Estate
Realtor & Vice President of Sales of Bryan College Station Real Estate
Read my blog below
May 14th, 2008 Categories: Foreclosures
Even though the Bryan College Station Real Estate Home Sales Market is doing quite well we are still seeing that nationwide new foreclosure filings rose 4% in April and were nearly 65% higher than the level recorded a year earlier, according to RealtyTrac.
The company’s U.S. Foreclosure Market Report indicates that foreclosure filings, default notices, auction sale notices, and bank repossessions were reported on 243,353 properties in April.
“The total number of U.S. properties with foreclosure activity in April was the highest monthly total we’ve seen since we began issuing the report in January 2005,” said James J. Saccacio, RealtyTrac’s chief executive officer. “Although only about 2% of households nationwide are in foreclosure, these properties contribute to already-bloated inventories of homes for sale and put downward pressure on home values.”
The company noted California, Florida, and Ohio recorded the highest foreclosure rates in April.
Thank goodness we live in Brazos County with Texas A&M University. Homes for sale in Bryan, College Station, Hearne, Caldwell, Navasota, Franklin, Anderson and beyond are still holding firm.
Susan Hilton – Realtor & Sales Trainer for Century 21 Beal, Inc. #1 in Real Estate in Bryan and College Station Home Sales – Bryan College Station Real Estate & Community Blog
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on Wednesday, May 14th, 2008 at 10:40 pm and is filed under Foreclosures.
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It really amazing the properties that fall into foreclosure. I have discovered that no area or subdivision is excluded. Foreclosures are a mystery as each asset company handles business differently. I am very thankful to be a real estate agent in the Bryan College Station area. The whole Brazos Valley is holding it’s own. I hope the media doesn’t blow the foreclosure rise out of the water and cause additional ill effects in an already unfortunate situation. Again, just one more reason to invest in real estate in the Bryan College Station area!
I have been talking with agents throughout the country and they are seeing a slow down in foreclosures on the market in most areas. But, there are some areas (NOT BRYAN/COLLEGE STATION) are having a huge problem and that is affecting the national numbers.
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