Caption: At least one house on nearly every Butler County street has a sign like this displayed on its door, Credit: Abby Diss
Image by: Abby Diss 
At least one house on nearly every Butler County street has a sign like this displayed on its door 

Butler County Foreclosures Impact the Housing Market

From: Joe Sampson
Length: 02:52

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From buyers to sellers, foreclosures have effected everyone in Butler County's housing market Read the full description.

Dscn0398_small From buyers to sellers, foreclosures have effected everyone in Butler County's housing market

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Transcript

Foreclosure's Impact Butler County's Housing Market
By Abby Diss

ANCHOR INTRO: AFTER RANKING FIRST IN FORECLOSURES IN 20-11, IT HAS BECOME CLEAR THAT FORECLOSURES HAVE IMPACTED NEARLY EVERY ASPECT OF BUTLER COUNTY. WITH OVER 33 HUNDRED FORECLOSED HOUSES ON THE MARKET, NO ONE HAS BEEN EFFECTED MORE THAN THOSE BUYING AND SELLING HOMES. MIAMI JOURNALISM STUDENT, ABBY DISS HAS MORE.

IS IT WORTH THE GAMBLE TO BUY A CHEAPER HOUSE THAT NEEDS REPAIR? THIS IS A QUESTION MANY HOME BUYERS IN BUTLER COUNTY ARE ASKING AS THEY CONSIDER BUYING HOUSES THAT ARE UNDER FORECLOSURE.

ACCORDING TO AREA REALTORS, FORECLOSED HOUSES ARE CHEAPER THAN REGULAR HOUSES, BUT THEY COME AT COST FOR REPAIRS. DESPITE THIS, MANY ARE TAKING THE RISK AND BUYING FORECLOSED HOMES.

TAKE TODD AND TAMI GRAHAM FOR INSTANCE. THEY ARE A COUPLE LOOKING FOR A HOUSING UPGRADE AS THEY AWAIT THE BIRTH OF THEIR FOURTH CHILD...
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