As an active real estate professional, I’m in the field daily and exposed first hand to the market trends of our city. I can confidently say that our economy is on the upswing. There are many elements to be considered such as median home sales prices, household income statistics and employment rates.
One of the areas that I take a particular notice in is the amount of foreclosure filings within the city. According to RealtyTrac, the number of foreclosure filings for August was down 5% from July. A number that sticks out to me is that the amount of foreclosure filings is down 19% from last summer!
From my own business, I’ve seen an increase in traditional sales, flip properties and investment purchases. Although I’ve seen less activity with foreclosures, there are still some of these property types to be found within our market and at great deals. Contact me directly for any information regarding these properties.