Just in case you wanted to know...

I was both pleased and surprised to read this morning that the average time to foreclose in New York was down to 1,001 days in the second quarter of this year. That is a 5% drop from the first quarter. Still seems like an awfully long time to have to endure the stress.

I will be curious to see what the coming weeks will bring as there is every indication to expect more foreclosures and shortsales.

Observations in our Central New York Area indicate a stable market with record low interest rates, rock bottom prices on homes, and our current inventory slowly shrinking. Looking to buy up? Great time to do so...


Laura Lenze

Laura Lenze

Licensed Associate Real Estate Broker
Contact Me

Blog Archives