Foreclosures on the Wane

This article from RealtyTrac points to reduced foreclosure starts, the lowest in 5 years. We have been seeing a reduction in foreclosures here in the Northwoods too.  Once we reduce the number of bank owned properties, we hope to see some upward price pressure which is a good thing for the market.

http://realtormag.realtor.org/daily-news/2012/10/11/foreclosures-drop-5-year-lows?om_rid=AAD5Cj&om_mid=_BQduX9B8uiskNr&om_ntype=RMODaily

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About northwoodsdeals

Jim Mulleady is the Broker for Coldwell Banker Mulleady REALTORS located in Eagle River, WI. Jim has a BS in Industrial Technology from UW Stout and an MBA - Marketing from DePaul University. Jim has over 20 years of marketing and sales experience.
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