Could real estate prices decline further? It's possible, especially if foreclosure filings continue to increase. Triangle area foreclosure filings were up 58% in the first quarter of 2010 vs. Q1 of 2009. This article from the Triangle Business Journal has more details numbers.
In my opinion, until we see foreclosure filings fall significantly the market will continue to struggle and we will remain several years away from any significant price increases in the real estate market.
Tuesday, April 6, 2010
Wednesday, March 17, 2010
SWAT those Foreclosures
"Prevention, Intervention and Stabilization," that is the new slogan for the Milwaukee Police task force assigned to minimize the collateral damage caused by foreclosures. Foreclosures are not only eye sores, but can serve as breeding grounds for criminal activity. In some towns, like Milwaukee, the problem has become significant enough that the Police are getting proactive. This article explains how officers are stepping into the community to provide support where foreclosures are common.
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