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    • va foreclosures news

    Ask GGW: Why are Md. house prices down and Va.'s up?

    18.05.12 The simple answer is that VA started on the downward foreclosure spiral faster than MD and so was able to recover sooner.

    PWC in VA was sharing room in the top 2 or 3 places nationwide (along with places like Vegas, Detroit) of top foreclosure locales and was responsible for a heavy share of VA's total foreclosure stats. Much of it had to do with the subprime crisis, others were massive demographic changes brought on by local legislation.

    PWC went from a place that had a couple hundred foreclosures a year in 2005 to nearly 7000 a year in 2007. The homes were sold, and people moved on.


    Source: Greater Greater Washington