Mortgage Delinquenicies on the Rise

By
Real Estate Sales Representative with Wizards of Waz Real Estate

For those of you who have been believing all the media hype regarding a "housing market rebound", you may want to read the attached article, brought to you by DSNews.

In spite of prices rebounding a bit and inventory being at an all time low in my community of Maricopa Arizona, there are still a LOT of vacant homes that have been foreclosed on (shadow inventory) and over 300 homeowners delinquent on their mortgagae, an increase from 6 months ago. We are just seeing a little "bump" due to the influx of seasonal buyers and the lenders' unwillingness to release their inventory.

Until we have cycled through all of the distressed properties, the housing market will not recover. Of course, a little help from our :friends" in Washington DC with the econmoy would not be a bad thing either!

Read the full article http://bit.ly/ycU1zx 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
foreclosures
maricopa arizona foreclosures

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the music-note to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the folder to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Ambassador
1,646,586
Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

A good reminder that all real estate is local. . .there are many things that influence this locally as well.

Feb 15, 2012 08:52 AM #1
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
118,790

Bill "Waz" Wasowicz

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information