Plainly Plainfield
Plainfield's Real Estate Market is Worse Than You Can Imagine
Whereas the national foreclosure rate is one in 381 and the state's is one in 314, the village's is one in 84, RealtyTrac numbers show.
I happened to be driving past a string of "For Sale" signs in a pretentious Plainfield subdivision when I heard the news. Despite reports that the recession is over and a general feeling that the worst is behind us, the radio newscaster informed me, RealtyTrac had just released numbers showing the month's 95,364 home repossessions in August hit an all-time high since the online foreclosure listing site started tracking figures in 2005. Plainfield Patch reported on a similar story last week. It was a bleak summer for homeowners (and sellers) here, too, with more than half of houses sold in August being homes that were "distressed," meaning the houses were either in foreclosure or pre-foreclosure. I had to see it for myself. So I took a …
R. Paxson
10:37 am on Wednesday, November 24, 2010
Your housing story leaves me to wonder about the accuracy of the 11/2 Plainfield voter turnout. Many vacant Plainfield homes list active voters by the WC Clerks Office. more ›