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Distress Property Stats September 2018

By
Industry Observer CDRE #01044712

In October of 2018, Realtytrac.com reported nationwide there were 543,462 distress properties in September of 2018 decreased 22.0% from August of 2018, and fell 13.0% from September of 2017. While pre-foreclosures were 34.2%, auctions were 46.1%, and REOs were 19.7%; one in every 2,402 properties homes were in foreclosure, and State of Delaware had the highest rate with one in every 831 homes in foreclosure, during September of 2018.

Pre-foreclosures declined 16.5% in the September of 2018, from August of 2018, and down 6.2% from September of 2017.  Auctions lost 2.5% in September of 2018, from August of 2018, and dropped 8.1% from September of 2017. REOs fell 50.0% in September of 2018, from August of 2018, lower 31.9% from September of 2017.

For complete more detailed information about RealtyTrac.com's distress properties stats for September of 2018, please click HERE

Posted by

John Pusa

Better way to buy and sell real estate

Office (818) 441-8881

Mobile (818) 441-8881

Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning John.  Thanks for keeping us informed about the distressed property stats.

 

Oct 17, 2018 05:58 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning John. The numbers are getting better. Good news. Enjoy your day

Oct 17, 2018 05:59 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, John, for sharing this report. 

Have an outstanding week.

Oct 17, 2018 06:47 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Oct 17, 2018 06:54 AM
John Lemos
Cherry Creek Mortgage - Fullerton, CA
Mortgage Loan Officer, NMLS 613321

Thanks for sharing the link John! 

Oct 17, 2018 09:42 AM
John Pusa
Glendale, CA

Hello Gabe Sanders you are welcome, and glad you find the distress property report very useful. Thanks for the comment.

Oct 17, 2018 02:16 PM
John Pusa
Glendale, CA

Hello Gabe Sanders you are right, the numbers are getting better. Enjoy your day too. Thanks for the comment.

Oct 17, 2018 02:17 PM
John Pusa
Glendale, CA

You are welcome Roy Kelley  glad you find the report very helpful. Have an outstanding week too. Thanks for the comment.

Oct 17, 2018 02:19 PM
John Pusa
Glendale, CA

You are welcome Gita Bantwal  glad you find the housing market report very useful. Thanks for the comment.

Oct 17, 2018 02:21 PM
John Pusa
Glendale, CA

You are welcome John Lemos glad you find the report very valuable. Thanks for the comment.

Oct 17, 2018 02:22 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Our distressed sale market is down a little but I hear that there are homes coming in the near future.

Oct 17, 2018 04:04 PM
John Pusa
Glendale, CA

You are right Debbie Reynolds distress homes forming up slowly. Thanks for the comment.

Oct 17, 2018 08:18 PM