Real Estate 2018: What to ExpectAs we head into a new year, the most common question we receive is, â€śWhatâ€™s the outlook for real estate in 2018?â€ť Itâ€™s not just potential buyers and sellers
Foreclosures Are Decreasing
There has been some speculation that distressed property inventories are about to skyrocket. The most recent National Foreclosure Report, reported that foreclosure inventory has decreased by 23.2% since this time last year. The report also showed that foreclosure inventory has decreased in 49 of the 50 states and 45 states have posted a year-over-year, double-digit decline. TEXAS has show a 12.9% decline. Though foreclosures do remain in the market, the number is dramatically decreasing. The fact that mortgage delinquency rates are also decreasing means the worst of the foreclosure crisis is in the rearview mirror. There are still deals to be had, you just need a resource that knows where to look.
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