Real estate market recap, March 13-17
Active inventory reached a record low for February, dropping 17.9 percent year-over-year. Average days on market dropped from 75 in February 2016 to 68 in February 2017.
Active inventory reached a record low for February, dropping 17.9 percent year-over-year. Average days on market dropped from 75 in February 2016 to 68 in February 2017.
Economic indicators suggest the opposite should be happening. The city's unemployment rate has been trending down since 2008 and is now just under 4%. Foreclosure News
In the fourth quarter, there were about 3.17 million underwater homes in the U.S. – about 6.2% of all homes with a mortgage, according to CoreLogic. That was down 2% from the third quarter and a 25% drop from the fourth quarter of 2015. Foreclosure News
A house along Sixth Avenue that was once a part of the city's owner-occupied home rehabilitation program is under the spotlight again. The house, located at 612 Sixth Ave., was purchased by the city at a sheriff's tax sale Nov. 16 following foreclosure. Foreclosure News
In 2010, Joann Rodriguez suffered a health crisis precipitated by her multiple sclerosis. She could no longer keep her job with the AARP, but it took her two years before she received any disability benefits. Foreclosure News
By most measures, the U.S. economy is performing OK. GDP growth is still near 3.5%. Foreclosure News
If you're a delinquent taxpayer, there is a fine line in Ontario County, N.Y., between losing your property and keeping it. In this case, that line is in Rushville. Foreclosure News