Grapevine Real Estate News | Foreclosures are upAccording to realtytrac.com foreclosures increased 79% in 2007 as compared to 2006. Of the nearly 2.2 million homes that were in default, about 1.3 million were sold at auction. That leaves about 900,000 home owners that need to sell fairly quickly. This is not good news for our Grapevine real estate clients as this tends to drive home prices downward. The bright side is that in another recent article in the Wall Street Journal online the Dallas and Houston metro areas are the only two areas that are up in value for last year.
About the Author:
Joy Rice is a Dallas/
Fort Worth area Luxury Home Specialist, an International Real Estate Specialist, Home Staging Professional, and the team leader of Joy Rice Realty Group and RE/MAX DFW Associates. Joy and her team also specialize in new home construction. With five offices across the
Dallas metroplex, Joy and her team of specialists are available to provide every client with world-class service from start to finish. Click here for more Dallas real estate news or contact Joy Rice Realty Group by email at Joy@JoyRiceRealtyGroup.com or call directly at (214) 662-5588, Rice Capital Mortgage at (972) 539-1747.
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