Not sure about other parts of the world, but the real estate market in Rockwall, Texas is not too bad - especially in foreclosures. This week, a client saw four homes in Rockwall (foreclosures) in the $200,000 + range and expressed some interest in taking a look at them.
Guess what - two just went under contract and the other two had multiple offers. In fact, one of them had so many offers that the listing agent said to forget about submitting an offer unless it was over list price and was a cash deal.
Soooo - the market could be much worse. No it is not great, but it "ain't" too bad.
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