New foreclosure sales numbers good news for West Michigan real estate market, Realtors say

Source: Jim Hager
Department: Grand Rapids Press

GRAND RAPIDS, MI - One-third of the homes sold in Kent County during the first three months of this year were subject to foreclosures or pre-foreclosure activity, according to RealtyTrac, a California firm that follows foreclosure activity.

Those 799 transactions are good news for a local housing market in which one of every 565 homes was in foreclosure, said Tom Paarlberg, president of the Grand Rapids Association of Realtors.

See full story at the MLive website

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