Home Sellers Competing with Sales of Foreclosed Properties


	Home Sellers Competing with Sales of Foreclosed Properties

BobbyDelray

1-24-2008 11:09 PM

205 views

tags:

housing, forecclosures

1 Comment |

Add a Comment

2-16-2008 7:04 PM

spolastre

It's suppose to continue til mid-year, or so experts say. I know I am taking advantage of this, and buying a townhouse in Fairfax, VA. Townhouses were going for no less than $400,000. Now you can find some for $270,000.

Login to Comment. Not a member yet? Sign up

View the Top Clips from January 24, 2008

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/808e429c-4bbe-431c-a40c-27c4e1aef9cb/7F0461F5-9C23-4F81-B981-9D3A06CAC75A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.wsj.com/developments/2008/01/24/home-sellers-competing-with-sales-of-foreclosed-properties/" href="http://blogs.wsj.com/developments/2008/01/24/home-sellers-competing-with-sales-of-foreclosed-properties/" style="font-size: 11px;">blogs.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/01/24/home-sellers-competing-with-sales-of-foreclosed-properties/">The continuing troubles in the housing market — see “<A href="http://online.wsj.com/article/SB120118015625613301.html?mod=hps_us_whats_news">Existing-Home Sales Resume Decline</A>” — spell trouble for homesellers, who are competing against the sellers of foreclosed properties. In one example cited in Mr. Hagerty’s story, a four-bedroom house in a Phoenix suburb sold for $775,000 in August 2006. Then a lender acquired the home through foreclosure last year. It sold again in December for $380,000.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/01/24/home-sellers-competing-with-sales-of-foreclosed-properties/"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/blogs.wsj.com/img/C0DA4495-22CD-403B-9B81-43DDD0141984" alt="foreclsosure" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/01/24/home-sellers-competing-with-sales-of-foreclosed-properties/">It’s getting harder to hide from the housing bust, writes James R. Hagerty in today’s <A href="http://online.wsj.com/article/SB120111917285710781.html">Journal</A>. Even the Pacific Northwest and North Carolina are feeling the pain, both areas until recently had avoided the housing slump. Even Manhattan, Mr. Hagerty writes, is feeling the pinch, thanks to Wall Street’s woes.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/developments/2008/01/24/home-sellers-competing-with-sales-of-foreclosed-properties/">Still, Mr. Hagerty points out that local markets vary hugely, according to the Wall Street Journal’s <A href="http://s.wsj.net/public/resources/documents/info-houseIndicatorQ407-sort.html?s=0&ps=false&a=down">quarterly survey</A> of housing data in 28 major metropolitan areas. Inventories are enormous in Phoenix, Florida, Las Vegas and the Detroit area. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7F0461F5-9C23-4F81-B981-9D3A06CAC75A/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Blog; Copyright; Privacy; EULA

Search Options

Related Clips

More clips from BobbyDelray

Today's Top Clips