Mike Novak's (mikenovak) Blog

Lynnwood foreclosures and short sales are having a negative effect on single family home prices in today’s market.  Typical foreclosure rates for a healthy national market are about 0.5% of sales; currently, the foreclosure rate is at 2.8%, more than five times a normal market rate!   I composed ...

  Everett New Homes for Sale are hard to come by right now.  With the foreclosure influence adding surplus inventory onto the markets, builders drastically slowed down the number of new homes per year they were building.  I recently did a search on Everett foreclosures and short sales and came up...