Charleston MSA Foreclosures Rising

Posted By Marshall Walker @ Jul 30th 2010 4:14pm In: Short Sales and Foreclosures

Another interesting article that mirrors gives thought to how our local area market will be driven in the next few years. - Charleston saw an 17% increase in Foreclosures Jan-June 2010 over the same period in 2009. Market experts say that we can expect the peak of foreclosures in 2012

What does this mean to buyers and sellers?

sellers need to price aggressively now to avoid overly competing with banks - I predict that we will see banks competing with each other soon enough....if you are going to move - move now.

Buyers - 4.25% 30 year fixed - really - how long will this last???? Even Warren Buffet cant predict the bottom of the market but it sure would be nice swinging through the bottom at rates like this!!