Foreclosure activity decreases

Maryland

There is a change in the housing market targeting foreclosed homes.

Overall, foreclosure activity in the US  has decreased by 13% according to the Embargoed Attom Data Solutions April 2019 foreclosure market report. 

Foreclosure data in Washington Country appears to be following the same trend. 

Brandon Swisher, a realtor from Keller Williams Realty Center says that since there are fewer foreclosed homes, the prices for foreclosures in our area are trending in an upward direction. 
 
“There is still a lot of foreclosed homes in the area, but there is a lot of competition on investors who want these homes, so prices are still up,” said Swisher. 

Swisher added that since Hagerstown is a more affordable housing market than Frederick, a lot of young, first time home buyers are moving to this area. 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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