Brittex Blog

Below is an analysis of short sales and REO sales (only) as a percentage of total sales in selected markets.  Data is as of 12/02/2010 looking back 12 months and for sales only (no listings, expired, withdrawn or pending sales).

Thank you Britt, I truely enjoyed reading your aticle on Real Estate being Cyclical and the spread sheet of the short sales and foreclosures. I truely appreciate your sharing this with us at University Credit Union. This is truely the opportune time to purchase a home. Sincerely, Renee

As a real estate professional and homeowner (albeit in Texas) these numbers cause deep pain because I can only imagine the number of people who have been so hurt by the state of the real estate market in Florida. When I write about a market area here in Austin, I include the foreclosure information for the current and prior year, to give a bit of an indication for how things are trending. Hopefully, in a few years, your numbers will look markedly different.