How has foreclosure affected the local real estate market?
A. Foreclosures are not only a disaster for families but also for communities. REALTORS® are committed to helping people buy – and keep – the home of their dreams and work to ensure that homebuyers have access to the proper information so they can fulfill their homeownership goals. Our region was insulated from the worst of the mortgage mess because we never experienced runaway appreciation and real estate development. And that speaks to the health and sustainability of the local real estate market. Buyers really need to understand their own financial wherewithal and the terms before agreeing to any loan.
