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Michael Thomson's Blog

By Michael Thomson | Agent in Los Angeles, CA

Distressed Inventory Fading Fast as Housing Market Strengthens

The housing market continues to improve.  The delinquency rate has dropped to it's lowest level since 2008.  Check out this article from DSnews.com: 

Distressed Inventory Fading Fast

"In July, about 949,000 homes were in some stage of foreclosure, down 32 percent from 1.4 million a year ago. Foreclosure inventory also showed a 4.4 percent decline from June. Year-to-date, foreclosure inventory is down by 20 percent."

Michael Thomson is a full time Realtor with the Keller Williams Sunset Strip Office.  He has lived in Los Angeles for over 20 years and specializes in West Hollywood, Beverly Hills, Hancock Park, Hollywood Hills and Beverly Center-Miracle Mile.  Feel free to call for questions at 310-927-8422 or visit the website at CityHomesLA .

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