Foreclosure Facts:

The foreclosure rate nationally in 2008 was just under (3%) three percent.

In the Great Depression it was just over (40%) forty-percent.

 

2008- Year-End Stats of Homes Sold

 

While we all know the market is challenging, existing home sales will be 5.02 million versus 5.652 million for 2007, a decrease of just over 11%, considerably less that the recent correction in the U.S. stock market, plus a realistic view that over 5 million people purchased a home despite the headlines in 2008. 

Posted by:  Carol Best | Coldwell Banker in Barrington, IL
Your Luxury Real Estate Expert & #1 Source to Buy & Sell Real Estate   www.CarolBest.net 

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