COME ON DOWN, You are the next contestant on……

Posted by denverhomesblog on July 30, 2010 · Leave a Comment 

WHAT’S MY HOME WORTH…..!!!!!

For the hardest hit areas (cali., fla., nevada) home prices and foreclosures are still on the rise. Which in turn is causing values to fall. The midwest has seen meager declines. Check out MSNBC’s interactive map to how your value and unemployment rates are. http://www.msnbc.msn.com/id/29976394/ns/business-stocks_and_economy

Next question, WHY?
1) shadow inventory – this is the housing inventory that the bank has taken back but has yet to put back on the market.
2) unemployment – until this number improves housing values will stay very flat.
3) foreclosures – all of these are intertwined. People losing jobs might lose their homes which might create more shadow inventory
thank you

Brandon Allen

720 295 HOPE for foreclosure assistance

www.denverhomesblog.wordpress.com
www.mycompassteam.com

Filed under Foreclosure/Short Sale NEWS