Foreclosures in Lee County were up slightly in July from the previous month, continuing the housing market's downward trend.
There were 2,467 foreclosures last month, up 3 percent from the 2,390 foreclosures in June. In July 2007, there were 1,045 foreclosures.
"The trend continues, it hasn't abated," said Jeff Tumbarello, director of the Southwest Florida Real Estate Investors Association, which released the numbers today.
Tumarello said he expects the number of foreclosures to drop soon, it won't stay bad forever.
"Foreclosures are doing what they're doing, but the good news is that people are buying foreclosures, so at least there is a demand for these," Tumbarello said.
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There were 2,467 foreclosures last month, up 3 percent from the 2,390 foreclosures in June. In July 2007, there were 1,045 foreclosures.
"The trend continues, it hasn't abated," said Jeff Tumbarello, director of the Southwest Florida Real Estate Investors Association, which released the numbers today.
Tumarello said he expects the number of foreclosures to drop soon, it won't stay bad forever.
"Foreclosures are doing what they're doing, but the good news is that people are buying foreclosures, so at least there is a demand for these," Tumbarello said.
Read more Article...
