The Gloom and Doom of Foreclosures

Welcome to Tee'd Off Tuesday! This may actually be the last one of the year unless Santa leaves me a lump of coal next week on Christmas morning!

I'm a man of routine and part of my morning ritual includes reading the newspaper with a few cups of coffee. Today the front page headlines screamed more gloom and doom in the real estate world. While reading the paper I also have the TV tuned into the morning news. One of the field reporters was live in West Haven with the camera panning a few for sale signs talking about the hard hitting foreclosure rate in the state. Click on the headline below to read the full story....

Most Real Estate Agents are well aware of market condition. Throughout the year as people ask me about the market my response has always been the same.... It is not that bad! Volume is down but after a number of years of record breaking movement a slowdown is normal. Prices are another subject that people always touch upon and they are also holding up fine in my territory. There are many examples of overpriced homes that did not sell and eventually readjust the asking price. The media usually calls these huge drops in value but since the unrealistic price was never accurate it does not reflect the true market conditions.

Today I'm Tee'd Off that the media continues to twist facts to scare the public. If you are interested in Buying or Selling a home in New Haven County let me know and I will happily explain the real estate market so you can decide if current conditions make it the right time for you to make a move.

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