Dr. Fuller on Real Estate Market
Pay close attention to the charts. We have double the foreclosure rates of surrounding jurisdictions and the homes are being sold so cheaply that it is bringing the value down for everyone’s home. It seems as if some are so desperate to put a ‘positive’ spin on what’s happening by calling us a ‘Jewel of Recovery’ which is particularly odd phrase.
Dr. Fuller will be extremely useful over the next couple years as we attempt to map the recovery process. I would agree 100% with him about the shift from owners to rentals; this is going to further exacerbate problems in these older neighborhoods which is another reason why the County should invest in additional zoning enforcement officers.