Rizzotti JH Real Estate Blog

Foreclosure affect on the local market
March 3rd, 2009 6:08 AM

Recently i have noticed approx. 9 foreclosure notices in the legal notices of the Weekly newspaper. I am often asked, what affect do these have on the market. This depends on the quantity in a specific market segment/area. However, the concentration of these foreclosure sales are in the resort condo market segment. This was a heavily investor influences segment during the boom time. Now the pendulum is swinging the other way.


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Posted by KENNETH RIZZOTTI on March 3rd, 2009 6:08 AMPost a Comment

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