The market for condos did pretty well and the prices did show some stabilization during the 2nd quarter
. The prices for condos went up by 3% in the 2nd quarter compared to 1st quarter but they stayed low by 0.5% compared to last year same period.
The problem still remains. Some states seem to recover and some seem to get worse over time. This mixed shape of the market is causing a problem for the economists who continue to believe that the economy is still posing a threat of unstable market conditions and this is solely because of the fact that foreclosures are also increasing. So, the prospective homebuyers will be benefited, because of these declining prices as they can grab preoccupied properties at much discounted prices.
The best place to find a preoccupied property is ForeclosureDataBank.com. We provide you the most recent foreclosure news and the most updated foreclosure listings.