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More Good News…

By Judi Desiderio, Thursday, April 14, 2011
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The Long Island Real Estate market is firmly grounded. Foreclosure activity for the 1st Quarter 2011 fell 28% – foreclosure activity includes all homes which go into the foreclosure process, receive auction notice or are repossessed.

Additionally, the 1st Quarter 2011 foreclosure activity dropped almost 20% from the 4th Quarter 2010 further substantiating stability in the Long Island housing market. These statistics were released by Realty Trac.
Here in the Hamptons and North Fork the weekly lists on lis pendens are shrinking. Home sales activity on the East End is in spring mode… BLOOMING!