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Pierce County Foreclosure Rate 1 in Every 583 Homes

By Scott Cowan

Real Estate Broker/Owner with RE/MAX Professionals 94238

May 17, 2008 03:32 PM

Numbers released earlier this week show that 1 out of every 583 homes in Pierce County are in some state of foreclosure. This is over a 100% increase from the previous years numbers

Pierce County ranks 2nd. in the state of Washington for the number of foreclosures.

Washingtion state ranks 26th. in the country in foreclosures. Nevada has the highest rate in the country with one out of every 146 households in foreclosure. Vermont is ranked last with zero foreclosures reported.

Contact Scott Cowan, Rainier Real Estate. Licensed real estate salesperson in Washington at 253-219-1194 to list your property for sale or purchase a home in Tacoma, Gig Harbor, Puyallup, and the rest of Pierce County Washington. Gladly accepting referrals.

Copyright © 2008 By Scott Cowan, All Rights Reserved. "Pierce County Foreclosure Rate 1 in Every 583 Homes" Call us today at 253-219-1194. Contact us by email if you prefer by using the email link on the right side of this page under my profile.

Disclaimer: Information provided within this post and blog is supplied by several sources and is subject to change without notice. All information is provided without warranties of any kind, either expressed or implied. Entries on this blog are the opinions and ideas of the author and are not necessary those of Rainier Real Estate, Inc.

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Katerina Gasset

The Gasset Group & Get It Done For Me Virtual Services - Provo, UT

Amplify Your Real Estate & Life Dreams!

Scott-You guys don't have it anywhere near as bad as Florida! But then again, this is getting prices down to where people can buy homes again!

May 17, 2008 06:27 PM

Jo Olson

HOMEFRONT Realty - Kettle Falls, WA

Retired - HOMEFRONT Realty @ LAKE Roosevelt

Scott, I wonder why Pierce County leads the way. I am also surprised to see WA in the 26th spot.

May 19, 2008 05:17 AM

Scott Cowan

RE/MAX Professionals - Olympia, WA

Katerina- I know we're not as bad as Florida but still it hurts to see this many homes in some stage of foreclosure. It's a really difficult process to live through.

Jo- I think Pierce County has it worse than the other areas due to the number of buyers who bit off more than they could chew as they were encouraged by the media, lenders, agents etc. Our demographics are more 1st. time buyers here than many other areas. I think the 1st. timers were overly optimistic.

Thanks for the comments.

Scott

May 19, 2008 05:58 AM

Scott that is probably correct and a ton of new construction was the lure I am sure.

May 19, 2008 05:59 AM

Pierce County Foreclosure Rate 1 in Every 583 Homes

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