Women's Watch: Learning the ropes of the real estate market Pt. 1

[0:01]..." So historically Marshall county has had the lowest foreclosure rate in the commonwealth of Massachusetts. It's my understanding now that -- county which is -- The highest foreclosure rate in the commonwealth. And that happened about sixteen months ago which is significant there's lot of short sales foreclosures which is affecting all market goes in order for the market to get back to normal we've got to burn this inventory which. Which consists of a lot of foreclosures and short sales. "...

[0:44]..." that most price traded -- affected certainly the low and middle end waterfront -- waterfront with -- which is one of our specialties is insulated a bit from. This kind of price correction because of course they're more unique there's less waterfront and the -- homes. Generally sellers can wait for the market determined before they. Before we have to sell but the you "...

[1:45]..." of the reasons behind this this real spike in the number of foreclosures. "...

[19:43]..." preserve the supply of affordable housing in areas that experienced shortages. The Federal Reserve has recently undertaken a joint effort the naval -- America to help communities develop strategies. For neighborhood stabilization. It's clear that writing home foreclosures and delinquencies significantly challenge many consumers and communities. And I hope that I -- today that the Federal Reserve is strongly committed. To fully employed in our our party expertise and resources help alleviate this distressed. We will continue to collaborate "...

[1:41]..." art today and and I'd like to share with you what the Federal Reserve is doing to reduce foreclosures. To protect aspiring homeowners human spirit deceptive practices and to pretend to choose wisely courageous sometimes confusing "...

[4:06]..." walk away from underwater mortgages. Indeed the role of investors in the housing market has increased markedly over time. According to data collected under the home mortgage disclosure act or Honda. Lending to non owner occupants "...

[0:01]..." WBZ news and we're speaking with Sheila Farah jumble co founder follow foreclosures master outcome. But some of these new numbers of foreclosures. Now at first glance it looks like foreclosures are dropping very quickly but I guess we have to look behind these numbers and find out why. "...

[0:58]..." get this but this year it's you know that this started tracking foreclosures and then that in the next month we pick number again. Such -- that it doesn't seem to be sent to us. "...

[1:58]..." Are you seen the number of of foreclosures still pretty evenly spread across the economic spectrum and also the the geographic. Area masters it's. "...