County Foreclosures Fall in May

I am continuing to see signs of recovery everywhere I look. Industry trends show that despite the doom-and-gloom predictions, the Palm Beach County foreclosure filings in May decreased for the third straight month in a row. Even more surprising, it is a 40% drop compared with May of 2009! Stan Humpries, chief economist for Zillow.com spoke at the National Association of Real Estate Editors conference, said that some areas in California are seeing a rebound of house prices as foreclosures are being depleated from inventory. If you are considering putting your home on the market, this is a great time to list your home, as the same is beginning to happen here.