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Foreclosures at 7 Year Low and More GREAT News

The amount of foreclosures in the last seven years dropped to it’s all time low, and the worst recession in over 70 years appears to be coming to its end… as far as the housing market is concerned.

The decrease in foreclosures has been brought on by a number of factors. Those factors include:

  • The lowest interest rates ever
  • The lowest home prices in nearly a decade
  • Banks are also limitting the amount of foreclosures they extend
  • Home affordability is increasing more and more
  • Because of the uptrend in housing, confidence has been restored for many. Contractors are looking to build again, and construction is also at its highest in the last five years which is spurring new job growth in the construction industry.

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