Here’s an interesting article regarding foreclosure rates being down dramatically in some areas – including right here in Massachusetts. According to the article, it’s down 31% in Mass from last year.
I still see plenty of foreclosures and REOs for sale here in Mass and nearby RI – there are still great deals to be found. However, it doesn’t mean the foreclosures aren’t down by that percentage. I think RI still has a much higher foreclosure rate, partly because of the 12% unemployment (compared to about 9% in MA).
Happy Investing!
Tags: bank owned houses, foreclosure, invest in real estate, massachusetts, real estate investing mass, real estate investing rhode island, real estate investor massachusetts, REO, unemployment
