Foreclosure

Dated: 10/13/2016

Views: 234

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

SOLANA RESORT OPEN HOUSE NEAR DISNEY

Solana Resort, near Disney World and Orlando, is a well established, exclusive gated community of holiday Mediterranean style homes that features a large clubhouse with all the facilities that you

Read More

Hurricane Season Is Here Are You Prepared

Hurricane season is here. Are you prepared? Protect the life you’ve built with flood insurance. The 2017 hurricane season was one of the most devastating and costly on

Read More

Sep 13 2018 48719 1

Helping Clients Who’ve Inherited a House September 12, 2018Buying and selling real estate can be an emotionally-charged venture, especially when it involves property that belonged to a

Read More

Judge Orders Aid Cutoff To Hurricane Maria Victims Share

Judge Orders Aid Cutoff to Hurricane Maria Victims ShareAugust 31, 2018A federal judge ruled on Thursday that federal aid to house more than 1,000 Puerto Rican families who fled to the

Read More