Update from the Foreclosure-Based Economy 0
Still holding its own (emphasis added):
The Real Estate Information Network reported that 866 existing homes were sold last month, down 8.2 percent from September but up 12.6 percent from October 2010. It was the fourth consecutive month of year-over-year sales volume increases.
Distressed sales in all of Hampton Roads still played a major factor in the market last month, accounting for 33 percent of October’s sales. Those sales include foreclosures and sales by homeowners whose homes are worth less than the balance of their mortgage.
