Sales starting to slow, foreclosure listings still coming.
I've noticed a slight increase in the number of active and foreclosed properties that are available on the St Cloud MLS. For the majority of the year, we have had approximately 330 foreclosed listings that are either active to purchase or are pending a sale. We now have just over 370 such listings on the St Cloud MLS.
Obviously this creates some problems. We need to continue to buy out the foreclosed properties at a pace that keeps up with the rate at which they are becoming available.
Now we get to see what our fearless leaders in Congress have actually accomplished with their new bailout bill.
Jason Tangen - GRI, e-Pro - Real Estate Broker Associate
