Repossession Activity by Town in Fairfield County
Repossession activity is driving down the price of houses. After a home has been repossessed the owner and the bank have taken large losses on the property and when it comes back on the market the price is typically way under market.
The following chart shows repossession acitivty by town as of Jan 31, 2010.
http://www.swreilly.com/marketinformation/repos%20per%20town%20january%2031%202010.htm
The Wall Street Journal Reported on Monday 10/12/09 that "Foreclosures Grow in Housing Market Top Tiers". In most towns this was true in Fairfield County.
Repossession by town chart shows that most towns in Fairfield County the number of Repossessions increased as of January 31, 2010.
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