Q & A Saturday – What is going on with Foreclosures?

Welcome to our Q & A Saturday video.

In these Q & A Videos we will answer your questions about real estate.  Any real estate related topic from questions about selling your house, buying a house, real estate investor questions, land lording questions, local market questions and many others things are all fair game. 

Today’s question is “What is going on with Foreclosures?

Foreclosures are up graph - Massachusetts Real Estate

In this video Shaun discusses some of data nationally and locally to give an overview of what is going on with Foreclosures right now.

 

Some of the main points covered in this video are:

1)      The increase nationally in foreclosure auctions

2)      The increase nationally in bank owned (REO) properties

3)      How Massachusetts is ahead of the nation as a whole

4)      The local trends we have seen recently

5)      A discussion of our monthly Massachusetts Foreclosure Updates

 

 

The national foreclosure stats are starting to go up and are looking a lot more like what we have been seeing in Massachusetts for a while now.  As mentioned in many other articles here it is important to remember that during the big housing crash MA was well ahead of the rest of the nation being in full crash mode in 2005 while most of the nation didn’t really see it until 2006 and 2007, some places even a little later.  The fact these trends are more than a year old here could be an indicator for us, and then the rest of the country, that another market correction could be on the horizon.  Make sure to check out all our articles and videos on Foreclosures and check back in as we do at least one a month on the subject (Next MA update probably next week).

 

Hope you enjoyed the video and leave any other questions you have about the topic below or any other topics you would like to see covered in future videos.  I encourage anyone that has things they would like to talk about to let me know what they are.  You can always fill out a contact us form here and put Q & A in the subject, just leave a comment with your questions below here, send an email to info@masshomesale.com, or post it on our Facebook page or Twitter account.

 

Resources mentioned in the video and some other useful resources and good articles:

–          RealtyTrac’s May 2015 National Foreclosure Report

–          RealtyTrac’s June 2015 Foreclosure Trends Report

–          Banker and Trandesman’s Massachusetts Foreclosure Stats for June 2015

–          All of our Foreclosure Articles

 

 

  

(Image Credit: Adaptation of “whiteboard-graph”)

 

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