Bouncing Off the Bottom

As reported in the the county’s legal organ on May 10th, foreclosure numbers in Cherokee County have taken a considerable big dip in the  month of May, with just 183 advertised. 

May’s foreclosure numbers are down from 219 in April, and  are still further down from May 2012, when 387 homes were up for foreclosure in Cherokee.

Unemployment numbers are better so there are less people stressed over making their mortgage payments.

There’s been  very little new construction, so there’s more demand for homes. So if you get in trouble, you’re able to sell your house and avoid foreclosure. 

Demand is so high that we’re hearing stories of houses selling for more  than the listing price.

I think we’ve reached the bottom and are bouncing off the bottom.

Dennis Burnette