Foreclosure in Bethlehem>Question Details

Anne Cox, Other/Just Looking in Brownwood, TX

There seems to be a lot of foreclosed real estate in Bethlehem, PA. What is going on with the economy there?

Asked by Anne Cox, Brownwood, TX Tue Jul 31, 2007

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Foreclosures are everywhere. Bethlehem may have a more difficult economy than the rest of the nation though. Bethleham also has 40-50% renters which means if they go away due to umemployment or underemployment foreclosure rates will rise. This is just a guess, but it is not in the top 10 foreclosure cities in the country.....places like Riverside, CA, Las Vegas, Dallas, etc.
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1 vote Thank Flag Link Tue Jul 31, 2007
Bruce Lynn, Real Estate Pro in Coppell, TX
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Bethlehem, PA is actually comprised of North Bethlehem, West Bethlehem, South Bethlehem and Bethlehem Township; each one is a separate municipality. The major municipalities in the Lehigh Valley are simply described as Allentown, Bethlehem and Easton. Prospective homeowners bought homes in these areas durng the real estate boom and there may be a higher concentration of foreclosures in these 3 municipalities. However, the Lehigh Valley is comprised of over 70 municipalities in Northampton and Lehigh Counties and the foreclosure rate for the area is not as high. Major employers for the Lehigh Valley can be found at http://www.lehighvalley.org for more information on the employment outlook. The Lehigh Valley is a great place to live and work. For more information on the Lehigh Valley tourism, go to http://www.lehighvalleypa.org.
0 votes Thank Flag Link Wed Sep 1, 2010
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