Monday, August 18, 2008

Notice From Pinellas Realtor Organization

It is clear short sales are going to be with us for a number of years. Currently in the Pinellas market, 34% of the pending or active with contract status are in that category. A recent NAR report shows that in Florida $9 billion in subprime loans will reset in 2009 with another $8 billion scheduled to reset in 2009. The Tampa Bay area will continue to have a big share in those numbers.

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