Real Estate Foreclosure Industry Report
Year over year foreclosures declined 20%. Even though the foreclosure numbers have decreased in November, 76,701 houses were still repossessed as compared to 77,077 in October. The number of real estate properties taken back by banks and financial institutions in 2009 has reached 777,630.
Foreclosures are occurring the most in Nevada, Florida, California and Arizona. Nevada continues to be the worst hit state where one out of every 119 households had a foreclosure filing. Florida had one for every 165 households; California had one for every 180, and Arizona had one for every 186.
The Top 5 Cities with foreclosures in November are:
1. Merced, California
2. Stockton, California
3. Modesto, California
4. Cape Coral, Florida
5. Las Vegas, Nevada
CLICK HERE to read what the industry reported.
This blog post is brought to you by SimplifyEm Pay Rent Online and Property Management Software
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Top 5 Foreclosure Cities Ranking Change as Foreclosures Slowdown is brought to you by SimplifyEm Pay Rent Online and Property Management Software
|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
You might also want to read:
- U.S FORECLOSURE ACTIVITY DECREASES 3 PERCENT IN MAY RealtyTrac® , the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for May 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported......
- Sin City leads metro areas with highest foreclosure rates, Foreclosure rates have dropped in April The leading online marketplace for foreclosure properties, RealtyTrac® announced April 13th through its U.S. Foreclosure Market Report™ for April 2010, that foreclosures rates have decreased by 9 percent from March to April. “There were two......
- 10 Worst Real Estate Markets Where Prices Have Fallen. Is it Time to Buy? The ten cities where home prices fell the most over the past year have been plagued by unemployment, and most were in states that had the biggest speculative bubble. These ten worst real estate markets......
- Top 5 cities where real estate is recovering quickly The cities that are coming back the strongest are the ones that did not hit have the pricing bubble, which was followed by the foreclosure crisis. Forbes did a study of America’s 100 largest Metropolitan......
- Pent up Foreclosures Huge Opportunity to Buy Undervalued Real Estate RealtyTrac reports that $134 billion in adjustable rate mortages will be resetting to higher interest rates over the next two years. Foreclosure filings rose 23% nationwide in the quarter as compared to the same quarter......
{ 1 comment… read it below or add one }
Foreclosures really change every time. We can see that California is dominating the ranking… Too bad for owners out there.