Do you ever wonder if we really have a housing crisis? In Dothan, it doesn't seem that way. I'm sure in other parts of the country people would beg to differ, but so far Dothan, Alabama seems to be in a pretty good bubble. My broker, Charles Woodall, shared a very eye opening video, that showed the market is truly correcting itself after housing prices soared for years. There are 4 states who have soaring foreclosure rates: California, Florida, Arizonia, and Nevada. Out of the 120 million homes in America only about 2% are in foreclosure. Don't worry here's the figure-4 million homes in foreclosure. Remember we are talking huge numbers, so 4% really isn't that bad. Check out this video with Dennid Kneale.
http://www.cnbc.com/id/15840232?video=780461999
This truly is eye opening.
Michelle
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