Company Declares RE 'Bust' in 12 Counties

House Buyer Network, Marietta, Ga., has declared a real estate "bust" in 12 counties in Arizona, Florida, and California, citing what it called "a glut of motivated homesellers," or homeowners who need to sell a property fast.The counties identified by the company, which specializes in selling homes for motivated sellers, are Maricopa County, Ariz.; the Florida counties of Dade, Lee, Palm Beach, and Hillsborough; and the California counties of Alameda, San Joaquin, Orange, Fresno, San Bernardino, Riverside, and Los Angeles. On a statewide basis, Arizona has shown the highest percentage increase, 235%, in properties processed by the company in the past year, followed by Florida at 219% and California at 196%, the company reported. "In addition to being able to pinpoint today's bust markets, the volume of real estate coming through the system every month also allows House Buyer Network to spot emerging bust markets six months or more in advance," the company said. In this category, the company cited six Virginia and Maryland counties surrounding Washington, D.C., as well as Cook and Lake counties in Illinois and Middlesex and Worcester counties in Massachusetts. The company can be found online at http://www.homebuyernetwork.com.