How bad? Real bad
Go Deeper.
Create an account or log in to save stories.
Like this?
Thanks for liking this story! We have added it to a list of your favorite stories.
Realtor and blogger Teresa Boardman has "the numbers no one wants published."
Thirty percent of the properties on the market are in foreclosure.
And she reveals:
Banks really are dropping their prices and starting to actually sell off the properties they own. I am noticing that when my clients make offers on these properties they often end up in multiple offer situations. Some of the banks are dropping their asking price every week or two until they start getting offers. They then wait until they collect a few offers and start working with the best one, taking care that each buyers knows he or she is in a multiple offer situation and can raise their bid.
Turn Up Your Support
MPR News helps you turn down the noise and build shared understanding. Turn up your support for this public resource and keep trusted journalism accessible to all.
