Have you seen this information on foreclosures?
50% of United States foreclosures in 2008 came from 35 counties in only 12 states.
20% of the United States' population lives in those 35 counties.
Eight counties in Arizona, California, Florida and Nevada were the source of 25% of foreclosures.
Existing home sales in the US rose to a seasonally adjusted annual rate of 4.7 million units in February, 2009, and only 860,000 homes were repossessed all of 2008.
If these things are correct and true, either 20% of the population controls the rest of the US, or the reporting is leading us to believe that they do.
Is the economy as bad in your town as the worst 35 counties? I know that the Texaplex is positive. Here on Cape Cod, we have thousands of jobs coming in from new development.
Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker
REindex.com, The Site Engine®
508-274-5613 reindex@reindex.com
See our 2 Minute YouTube www.REindex.com/WhatIsREindex.html
@RealEstateIndex
