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The rate of foreclosure in Eau Claire County, Wisconsin, this year seems to Stabilize, But it remains so sánh to high foreclosure rates in the past và i years. Market observers in the area expect the rising volume of foreclosed homes to drag down values of properties in the county nhất.
Records released by the county show that There were 180 foreclosed homes in 2007. It rose 38% in 2008 to 249 Foreclosures. Last year, the number of foreclosed properties in the area rose 26% to 314 Further. So far this year, there have been 311 Foreclosures. Some observers note that a few Foreclosures are to be expected this month (December) than that in 2010 foreclosure total in the county would be a record high.
Real Estate in the county based analysts said the rupture chúng have never seen this high rise Foreclosures in the past. Most of them attribute the tăng to adjustable rates after a three-year Real Estate bubble.
Theo an Economist and city council member, nhiá»u foreclosed homes this year could be Harder to sell. It was stressed that the purchasing power and even the buying sentiment in the county of Potential homebuyers may already be weak.
It was said that the countys Economic Advisory Committee would assess the local rate of foreclosure at the next regular weekly meeting. The council members hinted that if any problem is pinpointed, the council may URGE advice and local lenders to Acquire the Businesses and vacant homes. Tuy nhiên, at the moment, the city prefers to just look at the figures.
It is common for property prices to drop as the rate of rise in an area Foreclosures. Vì là là số piles up foreclosed homes, prices and Tend to get pressured downward spiral. More homebuyers are lured by big cũng thay Consider buying foreclosed homes, mà have significantly lower tag prices.
Eau Claire is a small county in Wisconsin. It has a relatively small population of about 94.000 as of the latest census count in 2000. In the past years, the county had low rate of foreclosure. But the trend is starting to tăng especially in the last three years.
The county regularly Some of its foreclosed homes auctions. Auction Schedules are set Twice every month, every other Tuesday at 11 in the morning.
For more news, visit ForeclosureConnections.com.
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