Sunday, June 7, 2009

Well, better late than never, I always say.
Thanks too all for the comments on theMarch post. It's not gotten any better out here. Of the six folks I saw with eviction cases one day last week, four involved foreclosures.
My latest information from the real estate world is that the banks who took the houses back -- whether they could have or should have worked with the former owners on saving the houses -- is that those same banks are holding on to the properties, parceling them out like rations to investors who will, guess what, turn into landlords.
Real estate brokers are selling houses but they have to sell twice as many to make the same amount in commissions and there are bidding wars for the reasonably-priced houses. One friend of mine and her family bid $40,000 over the listing price and they're still waiting to hear about how high the bidding might go.

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