In “Barrington House Talk” last week, I opened things up for your questions. We received several great questions about the Barrington real estate market, and we’ll answer them all in the coming weeks here at 365Barrington.com. But today I’m going to tackle the question that’s most difficult because it’s a subject that can be tough to talk about.
Mike from North Barrington asks,
“What is the current Foreclosure rate in Barrington and how does that compare to the numbers nationally?”
It’s a great question, Mike. I’d like to say the numbers from MRED, our local MLS, are encouraging, but the data paints a different picture. The short sale and foreclosure statistics for Barrington are a real estate reality we have to know and face to help accelerate our local market recovery.…