Birmingham AL Real Estate Foreclosures – 05/11/2011
Your Birmingham AL Real Estate Foreclosures Daily List has been posted. These are Single Family Homes ‘Active’ on the Birmingham MLS.
These homes are ripe for the picking. Dont Let them pass you by. ACT NOW!! Birmingham AL Real Estate Foreclosures Are on the rise and will not last long.
Home prices rebounded 2.2% in March with median home prices rising to $159,600. This is 5.9% below the year-ago level and keeps the median price close to 2002 levels. Continuing February’s trend, two out of every five homes sold during March, or 40% of sales, were distressed properties( Birmingham AL Real Estate Foreclosures), which typically sell at a 10%-20% discount. The decline in home prices is less indicative of individual home values and more reflective of a large number of less expensive homes selling and bargains that are getting snapped up. Investors represented 22% of sales, and all-cash buyers were at a record high of 35% of sales in March. Prices and mortgage rates remain favorable for buyers for the spring selling season. The supply of homes measured in months on the market, if sales continue at their current pace, remained stable compared to the previous month. This is the third-lowest level since June. Inventory levels remain 33% below its peak of 12.5 months in July and only slightly above where it was last year when the tax credit was in full-swing.
I hope you have an awesome day, packed with smiles. Questions About Any Birmingham AL Real Estate Foreclosures
J Steven Roantes
Keller Williams Realty
America’s Fastest Growing Real Estate Co