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

Bank Owned Foreclosed Home - Massachusetts Foreclosure Activity Rising

In this video Shaun talks about the continuing upward trends in MA foreclosures and what that means for the real estate market.

 

Some of the main points covered in this video are:

1)      The 2 year long steady increase in foreclosure petitions

2)      What that means for completed foreclosures

3)      The pattern of increasing completed foreclosures

4)      Where to find out where you can keep up on these numbers (Hint it is right here!)

 

Foreclosure activity is a good leading indicator or where the real estate market is going to go.  The more bank foreclosure properties on the market the inventory there will be (and that inventory is often at lower prices) which puts downward pressure on the local real estate market.  Massachusetts has seen a long steady rise in foreclosure petitions (the 1st step in the foreclosure process) and now is seeing the corresponding steady increase in completed foreclosures as they work their way thought the system.  Nobody can say when this will start to impact the market (though if you need our frequently Market Trend Reports you will see many instances where the market is not as strong as you might be lead to believe), but at some point if more and more REOs flood the market things will fall off.

 

 

Do you want to sell a house that is going into foreclosure?  Do you need to sell a house in Massachusetts or New Hampshire and want to do it before the market correction?  If you would like to sell your home fast and hassle free schedule a consultation with us today.

 

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.

 

Some useful resources:

–          Last Month’s Foreclosure Report.

–          Our End of the year Foreclosure Report for 2015.

–          Our recent video on if we are in a Real Estate Bubble.

–          Our Foreclosure Trends Page with all our Foreclosure reports.

–          All of our Articles and Videos on Foreclosure topics.

–          If you want to sell a house in Massachusetts or in New Hampshire we can help.

 

 

 

(Image credit: Bank Owned Home Foreclosure via World Property Journal)

 

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