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How foreclosures have affected us

Posted by on 10:04 am in Market statistics | 0 comments

How foreclosures have affected us With a title like that I have to say that I am not speaking of how foreclosure has affected us emotionally. Although I have not experienced foreclosure personally, I have walked beside many clients who have been in the midst of the process and understand that it is a heart wrenching, helpless, terrible feeling. Rarely do people stop making their payments because they don’t feel like it anymore (although you do see that occasionally) it is much more frequently due to loss of job, unexpected change in...

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Average sales price and why it’s down

Posted by on 9:42 pm in Market statistics | 0 comments

Average sales price and why it’s down Here we are, another year gone by! Of course, this means that it’s time to look back at the market last year and try to make some sort of educated guess as to what it means for next year. The good news: the number of sales compared to last year has risen to 2006/2007 levels. The bad news: average sales price is down to $104,705 from $120,019 last year. I do not believe that this is because everyone lost 15% of the value in their home. The reason that the average sales price was down so much is...

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