Foreclosure filings, lowest since April 2007

Welcome to my blog everyone!

I want to share some helpful real estate news with everyone, so based on an article by CNN Money it looks like foreclosure filings have been at its lowest level since April of 2007. What does this mean for you? This means that it is a good indication that the housing market is starting to make a turnaround from where it has been the past 7 years, and that homes values may start gaining momentum instead of losing like they have been the past few years. The pending home sale report index rose in January by 4.5% and is at its highest level since April of 2010  according to the National Association of Realtors.

Source: RealtyTrac
Source: RealtyTrac

2012 was a very busy year in the industry, with rates being low and home prices affordable, many people are starting to take advantage of purchasing homes. In many cases it is much cheaper to purchase a home than it is to rent.

If you have any further questions about this blog or would like to find out more about the real state in your area, please feel free to contact me. Thanks for taking the time to read my blog, don’t forget to subscribe.

Ed Stojancevich

2 thoughts on “Foreclosure filings, lowest since April 2007”

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    1. No problem at all, I appreciate you asking me beforehand 🙂 Stay in contact, if there is a post you like, feel free to share it and I’ll do the same. Thanks and best of luck!

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