http://www.bvbl.net/index.php/2008/04/25/potnews-good-news-a-cause-for-concern/ Blog-Fu for Prince William, Manassas and Manassas Park politics. Thu, 24 May 2012 03:43:38 +0000 http://wordpress.org/?v=2.2.3 http://www.bvbl.net/index.php/2008/04/25/potnews-good-news-a-cause-for-concern/#comment-63075 Harry Mon, 28 Apr 2008 20:14:56 +0000 http://www.bvbl.net/index.php/2008/04/25/potnews-good-news-a-cause-for-concern/#comment-63075 Well the news is not so good if you consider: 57% of the houses for sale in PWC are foreclosures that are selling at about 65% of outstanding mortgages, believe me, this has a negative impact on every home in PWC. Further, PWC has the highest foreclosure rate in the State and 7th highest in the country. Sounds like a vibrant economy doesn't it? But real estate prices only matter if you're buying or selling, I'm doing neither so I real don't care. Well the news is not so good if you consider: 57% of the houses for sale in PWC are foreclosures that are selling at about 65% of outstanding mortgages, believe me, this has a negative impact on every home in PWC. Further, PWC has the highest foreclosure rate in the State and 7th highest in the country. Sounds like a vibrant economy doesn’t it? But real estate prices only matter if you’re buying or selling, I’m doing neither so I real don’t care.

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