FORECLOSURES ARE RISING

Just out of curiosity I took a look at what has been happening with foreclosures in the Pocono market. Needless to say the rate of foreclosures is rising. That means it's still a good time for investors and fix-and-flippers.

Back in 2004 there were 285 foreclosures listed for sale. That number went up to 319 in 2005 and for 2006 the number rose to 411. This was just for Monroe County.  Is everyone seeing a rise in their amount of foreclosures?

These numbers are unsettling to me and to many others I am sure. 

Will these foreclosures cause the value of all our homes to deteriorate now that we have spent so much time trying to build up our values since we seem to be under the averages throughout the country. 

Who is to blame for this rise in foreclosures?  Should we hold someone accountable?

Even during some of the real estate boom years, say 2004 and 2005 our foreclosure rate continued to rise? Why?

Should politicians step up to the plate and try to get something changed so we could see our foreclosure rates drop for a change?

Please drop me a comment and let me know, especially if you have witnessed a turn around in an area and were able to decrease the amount of foreclosures.

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When looking for a Realtor© in the Poconos that will listen, assist and guide you without "pushing" you, contact Bobbie Smith. I would love to help.

 

Bobbie Smith, CRS

(Certified Residenial Specialist-CRS)

570-242-1891 Cell Best (Call or Text)

570-421-2345 Office 

RS#274017 

Email me now: bobbiej51@hotmail.com    

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All pictures, text, etc. stated within is the exclusive property of Bobbie Smith and cannot be copied or duplicated without written consent from Bobbie Smith.  All statistics and data contained herein are obtained from reliable sources and are deemed reliable however each individual should always do their own research on each topic and derive their own conclusions. Any statements of opinion are just that, the opinions of Bobbie Smith. *Realtor is a registered trademark of NAR*

Comment balloon 0 commentsBobbie Smith • January 12 2007 03:30PM

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