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Follow on Google News | Has the Real Estate Market Stablized?Foreclosures stabilize in 3 key states, including Palm Beach County in Florida.
By: Relationship Manager The latest results of AP's Economic Stress Index show foreclosure and bankruptcy rates held steady in some states. But mounting unemployment is hampering an economic recovery in some regions, especially the Southeast and industrial Midwest. If you would like to learn what your home is worth visit http://www.palmbeachpropertyvalue.com for a Complimentary valuation. We are able to determine if your local real estate market has stablized and if it is now the time to sell. The AP calculates a score from 1 to 100 based on each county's unemployment, foreclosure and bankruptcy rates. The higher the score, the higher the economic stress. The average county's Economic Stress Index score rose to 10.6 in June, up from 10 in May, mainly because of rising unemployment. In June 2008, the average county's stress score was 6.7. The pain was lower then because the economy was still expanding. Under a rough rule of thumb, a county is considered stressed when its score is at or above 11. In June, 41 percent of the counties scored 11 or higher, up from 36 percent in May and 34 percent in April. The latest reading was slightly worse than for February and March, when nearly 40 percent of counties met or exceeded that threshold. In June, foreclosure rates held steady for Arizona, California and Florida at 4.1 percent, 3.5 percent and 3.4 percent, respectively. # # # The Valore Group, Inc is the real estate firm of choice - promoting the creation of value through the fostering of relationships and by delivering superior service with insight, innovation, and integrity. valore noun Definition: Value (Late Latin) End
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