Short sales and foreclosures rise in 2019! - Reid Real Estate Group

Short sales and foreclosures rise in 2019!

Even in a market of rising prices and buyer competition here in Connecticut, the rate of short sales  and REO sales (bank owned foreclosed property) rise in 2019...

As short sales stayed at the same 2% rate we've seen for the last three years, sales of foreclosed homes rose to 12% so far in 2019:

Even in today's improving market, one in every seven home sales in Connecticut is still a foreclosure or short sale.

Recovery in Connecticut has been slow, still leaving many with negative equity. There are options for those who need to sell, but still owe more than their homes are worth.

Minna Reid

Minna Reid is Broker/Owner of Reid Real Estate Group. Reid Real Estate Group is a full service Connecticut residential real estate brokerage, specializing in helping homeowners with legal and financial challenges including short sales, probate sales and tax lien complications.

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