foreclosures during the housing crisis. Yet distress sales still remain part of
the real estate landscape well into 2013.
Distress sales in Ox Bottom averaged just over 1 home per quarter during
2010-2012. In 2013, there were 2 sales in the first quarter and 3 in the
second. There are no distress sales in the current third quarter, and there
will probably not be any in the fourth quarter. However, there are still homes
that are behind on their mortgage and potentially could become distress sales in
the future. National research indicates that distress sales will continue to
decline through 2014 as home prices appreciate and fewer borrowers remain
underwatwer on their mortgage. Tallahassee will follow this trend.
If you would like more information on how much your home has gone up in value
this year, please contact us through our web forms on this page, or call