Eugene Oregon Real Estate Blog by Craig Tomlinson

Though the present real estate market may look fairly abysmal, there are still some great deals out there for buyers. On average foreclosed properties sold for 34% less, with short sales averaging around 15% less. While these are national trends, they still demonstrate how much houses are discounted once they have been foreclosed upon. While many of these properties are discounted because they are in bad shape, it is still possible to find heavily discounted homes that are in great condition. There is no shortage of supply either, in Lane County 30% of all sales were foreclosures, and national foreclosure rates have jumped 2,500% in the past four years.

Leave a Reply Cancel reply

Enter your comment here...

Fill in your details below or click an icon to log in:

Email (required) (Address never made public)

Name (required)

Website

You are commenting using your WordPress.com account. ( Log Out / Change )

You are commenting using your Twitter account. ( Log Out / Change )

You are commenting using your Facebook account. ( Log Out / Change )

Cancel

Connecting to %s

Notify me of follow-up comments via email.