10/31/08 INMAN NEWS REPORTS:

While the short sale & foreclosure real estate market is less than 3% of all homes owned, First American Core-Logic reported today that more than 7.5 million single-family homes are worth less than what is currently owed on their mortgages - and, another 2.1 million homes are getting close to being upside down.

The good news for us here in Illinois is that we are not at the top of the list!  Statistics for the top states are:  

Nevada - 48%
Michigan - 39%
Florida - 29%
Arizona - 29%
California - 27%
Georgia - 23%

How nice is it to be living in Illinois - a state NOT not on this list!

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

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