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.