Where, oh where, have all the HUD houses gone?

By
Real Estate Agent with Better Homes and Gardens Real Estate Metro Brokers

HUD homes for sale in Coweta County GeorgiaHUD homes for sale in Coweta County Georgia are becoming more scarce with each passing day.

And while at first that seems like good news, it really has me thinking that there is foul play afoot,

Because the number of foreclosures has not abated one has to wonder if the so called “shadow inventory” is growing as fast as the National Debt.

Is this a Keynesian attempt at market stabilization or is the motivation purely political? Either way there is trouble looming ahead when these houses are finally released into an already tenuous market.

My preference would be to sell them as soon as they can be sold. Otherwise they will simply be stripped by vandals and left to decay into oblivion.

If that is the intent of the powers that be may I offer this admonition?

Let the houses go!

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Location:
Georgia Coweta County Newnan
Groups:
Club Chaos
Diary of a Realtor
Realtors®
The Lounge at Active Rain
"Whacked"!!!
Tags:
hud homes
coweta hud homes

Comments 12 New Comment

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Ambassador
884,332
Andrea Swiedler
Realtor, Southern Litchfield County CT
Berkshire Hathaway HomeServices New England Properties

Richard, we don't need games. Interesting, we don't have many here, and I mean very few... and they are showing up a bit more now. Perhaps they came up here for a bit?

Vandalized homes are of no value... to anyone..

August 15, 2011 10:56 PM
Rainmaker
254,106
Connie Goodrich
CRS ABR (McKinney Realtor)Texas
Keller Williams Realty

Hopefully there will not be a huge amount hit all at once and the trickle on and purchase quickly momentum will remain so the inventory remains low.  

August 16, 2011 07:57 AM
Rainmaker
930,842
Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC
Personal Service, always.
Waters Realty of Brevard, LLC

I am thinking it is a bit intentional. But is it good policy? Probably not. I believe in letting the market forces play out.

August 16, 2011 08:20 AM
Rainmaker
500,628
Lisa Wetzel
CDPE, SFR carsonvalleyland.com
RE/MAX Realty Affiliates

Richard ...  I Understand ... one would think!  Yet ... In Northern Nevada we are seeing the number of foreclosures decrease and the prices are starting to hold!  Yeah!  I think!

August 16, 2011 11:46 PM
Rainmaker
598,199
Sussie Sutton
Rep for buyers, sellers, and new construction.
UTR Texas Realtors

I guess your Spidy senses are working again! Keep us posted!

August 17, 2011 06:17 PM
Anonymous
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Richard Weisser

Richard Weisser Coweta Newnan Homes for Sale
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Additional Information

Author Bio: Richard Weisser is a Georgia real estate broker, licensed auctioneer, and has been writing about Georgia Real Estate since 1999.

Coweta Fayette Real Estate offers opinions and helpful information to consumers and real estate professionals in the Coweta County Georgia area.

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