In recent months, foreclosure has become a buzz word within the real estate world. So, what effect does the foreclosure crisis have on you?
The North and South Carolina markets have been hit hard with foreclosures. Mecklenburg County has the highest number of foreclosures in North Carolina and Charleston County ranks #1 in South Carolina. The good news is that a modest recovery may be seen in many markets with in the next two years. In fact, I expect to see a modest appreciation in the North and South Carolina housing values over the next two years.