Dated: 10/13/2016

Views: 129

Where the Foreclosure Niche Still Makes Sense

Foreclosures are falling across the country, with inventory plummeting nearly 30 percent year-over-year in August, according to a newly released report by CoreLogic.

Completed foreclosures are now down 69 percent from its September 2010 peak – 37,000 in August compared to 118,221 in September 2010. Home price growth and greater equity is helping more Americans avoid foreclosure, says Frank Nothaft, CoreLogic’s chief economist.

But some markets continue to see elevated numbers of foreclosures. In fact, five states in August 2016 accounted for about 35 percent of completed foreclosures nationally. These five states had the highest number of completed foreclosures in the 12 months ending in August:

  1. Florida: 55,000

  2. Texas: 27,000

  3. Ohio: 23,000

  4. California: 22,000

  5. Georgia: 21,000

The following five areas had the highest foreclosure inventory rate in August:

  1. New Jersey: 3.2%

  2. New York: 2.9%

  3. Maine: 1.8%

  4. Hawaii: 1.8%

  5. District of Columbia: 1.8%

Source: CoreLogic

Want to Advertise on this Site?

Latest Blog Posts

Its Official Lennar CalAtlantic Merge

It’s Official: Lennar, CalAtlantic Merge DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 14, 2018 Homebuilding giant Lennar Corp. announced it has completed a merger with former rival CalAtlantic

Read More

5 Razones Para Querer Utilizar Un Profesional En Bienes Races Infografa

5 Razones para querer utilizar un profesional en bienes raíces [infograf]

Read More

Airbnb Income Counts Toward Refinancing

Airbnb Income Counts Toward Refinancing DAILY REAL ESTATE NEWS | MONDAY, FEBRUARY 12, 2018 With the backing of Fannie Mae, home-sharing giant Airbnb has announced a new partnership with select

Read More

Immigration Concerns Rattle Some Real Estate Moves

Immigration Concerns Rattle Some Real Estate Moves DAILY REAL ESTATE NEWS | THURSDAY, FEBRUARY 08, 2018 Heightened concerns over the nation’s immigration policies and proposals caused some U.S.

Read More