Are Foreclosures Still a Threat in Today’s Market?
Dr. Scott Wentland discusses foreclosure paper written by co-authors Xun Bian, Bennie D. Waller and Geoffrey K Turnbull.
We’ve heard so much about foreclosures in the news, especially during the mortgage/credit crisis, but are foreclosures still impacting our markets today? The short answer is…Yes! Some areas more than others, but regardless of where you live, a foreclosure in your neighborhood will impact the resale value of your home and maybe even the perception of your entire neighborhood!
Join me as my guest, Scott Wentland, Professor of Economics at Longwood University and I discuss their present University research into “How foreclosures affect us all.”
Some of the items we will be discussing include:
- How did we get into this mess?
- What really is a housing bubble or economic bubble?
- Should I buy a foreclosure?
- There is a foreclosure in my neighborhood, should I list my home for sale now or wait?
- And much, much more!