How many think the worst is over ???

[Rich Weese]

528,000 foreclosures so far in first 6 months. On pace for over 1 million this year. That is a # that, to my knowledge, has NEVER been reached. What will 2011 be? Higher or lower? Where are all the buyers and cash going to come from to buy? If this new batch of inventory comes on the scene, will prices retract again? Are we paying too much today based on the "worst is over" thought process? Average year is 100,000 foreclosures. Is there a new low point coming in your area? What are you seeing? Rich