Fewer Foreclosed Homes Than Last Year
- 10 years ago
According to statistics from the real estate research firm RealtyTrac, the amount of foreclosure activity in the United States during November was 37 percent lower than last year, and is at the lowest rate since December of 2005.
According to statistics from the real estate research firm RealtyTrac, the amount of foreclosure activity in the United States during November was 37 percent lower than last year, and is at the lowest rate since December of 2005.
Daren Blomquist, RealtyTrac vice president is quoted as saying: ‘The depth and breadth of the decrease provides strong evidence that we are entering the ninth inning of this foreclosure crisis.”
Other statistics from RealtyTrac show that the highest foreclosure rates in the United States were in Florida, Maryland, South Carolina, Delaware and Illinois, which are all states where foreclosures go through the courts, and can take longer to process.
Florida had the dubious distinction of 8 of the top 10 larger cities with the highest foreclosure rates across the country, including Miami and Jacksonville, but even these areas reportedly showed a decline in foreclosure activity compared to the same time last year.
California had a 61 percent decline in foreclosure activity, while Arizona had a 59 percent decrease compared to last year.
RealtyTrac estimates that over 7 point 7 million homes have been repossessed by banks since late 2006.
What do you think about the decline in properties being foreclosed this year?
According to statistics from the real estate research firm RealtyTrac, the amount of foreclosure activity in the United States during November was 37 percent lower than last year, and is at the lowest rate since December of 2005.
Daren Blomquist, RealtyTrac vice president is quoted as saying: ‘The depth and breadth of the decrease provides strong evidence that we are entering the ninth inning of this foreclosure crisis.”
Other statistics from RealtyTrac show that the highest foreclosure rates in the United States were in Florida, Maryland, South Carolina, Delaware and Illinois, which are all states where foreclosures go through the courts, and can take longer to process.
Florida had the dubious distinction of 8 of the top 10 larger cities with the highest foreclosure rates across the country, including Miami and Jacksonville, but even these areas reportedly showed a decline in foreclosure activity compared to the same time last year.
California had a 61 percent decline in foreclosure activity, while Arizona had a 59 percent decrease compared to last year.
RealtyTrac estimates that over 7 point 7 million homes have been repossessed by banks since late 2006.
What do you think about the decline in properties being foreclosed this year?