How foreclosures impact home prices
From the WSJ, a new study by LPS Applied Analytics looked at the link between the number of foreclosures and the rate of home price declines.
You can find all state data on percentage of foreclosures to all home sales and home price declines by state. South Carolina is displayed below and as a state, while not exactly a "pretty picture", it doesn't look all that bad compared to other much more distressed real estate markets.
Are you interested in buying a foreclosure for sale in the Charleston real estate market, click here to view listings in the Charleston MLS.
