Foreclosures rise 9% in the First Quarter

Ris Media published a news story stating that Foreclosures have Risen 9% in the First Quarter of 2009. This is a real problem in the country and Charlottesville is starting to catch up quickly. It appears as if Charlottesville is a year behind Northern Virginia, which 50-75% of their market is driven by Short Sales, Foreclosures, and Bank Owned Properties. The foreclosure wave is heading our way fast.

Rob Alley, Realtor
The Avery Group at Roy Wheeler
540-250-3275
roballey@roywheeler.com
http://www.robsellscharlottesville.com
http://www.forestlakesliving.com
http://www.theaverygroup.com