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When is it good not to be #1?

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Real Estate Agent

When is it good not to be #1?   Even though in 2009 Alabama saw a 156% increase in foreclosures over the previous year, we ranked 30th in the nation for number of foreclosures.  Foreclosures in Alabama for 2009 was 1 in every 107 households compared to a nationwide rate of 1 in every 45 households.  Don't get me wrong, the number of homes foreclosed is not good.  I don't like to see anyone lose their home. However, Alabama has fared well in comparison to many states and to national averages.  This is one list that we as Alabamians can be grateful that we do not rank at the top.

Contact me for a free list of foreclosures or other homes for sale in the Birmingham or Shelby County area.

Comments(15)

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Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

I'll have to agree with you on this one.

Jan 14, 2010 02:49 PM
Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Renee, that's great!  ...and they have a championship football team!

Jan 14, 2010 02:49 PM
Matt McLaughlin
The Pest Force - Myrtle Beach, SC

I can just hear the cheer now, we're #30, we're #30, proud not to be #1.

Jan 14, 2010 02:51 PM
Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA
- SOLD IS OUR FAVORITE 4 LETTER WORD -

I love Alabama; I am from Atlanta but lived in Lincoln AL for about 3 years and LOVED IT!! the only time I did not like living there was during NASCAR time at Talladega

Jan 14, 2010 02:56 PM
Renee L. Norton
Birmingham, AL

Tammie- Thanks!  It's nice when people agree with you!

Don - We love our #1 spot in football...but forclosures is a different story.

Matt - That's probably not a cheer you'll hear in this state, but neverless a good thing!

Jan 14, 2010 02:57 PM
Renee L. Norton
Birmingham, AL

Ken - Alabama has it's advantages, but I would not like living in Lincoln on a race weekend either. You should come back!

Jan 14, 2010 03:01 PM
Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

Renne - For those of us living and working in Canada your numbers are very scary.

 "Foreclosures in Alabama for 2009 was 1 in every 107 households
compared to a nationwide rate of 1 in every 45 households"

Jan 14, 2010 03:16 PM
Renee L. Norton
Birmingham, AL

Kathy - I agree. They are very scary! 

Jan 14, 2010 03:36 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Renee,

We are pretty much in the same situation. Got into Forbes as one of 10 places in southeast with the highest number of foreclosures

Jan 14, 2010 03:54 PM
David Saks
Memphis, TN
Broker / Industry Analyst

Says a lot for your market, Renee'. Glad to see signs of a market residing within limits that define the range of normal functioning.

Jan 14, 2010 04:43 PM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

And coming from the south too.  I heard that was pretty hard hit.

Jan 14, 2010 05:22 PM
Charita Cadenhead
eXp Realty - Birmingham, AL
Serving Jefferson and Shelby Counties (Alabama)

Thanks for posting this Renee.  Tough times aren't over yet, but in our market, it seemed we blinked and then we were heading back upstream.  Gotta love it.

Jan 14, 2010 05:25 PM
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

Hi Renee - I think Nevada has had a pretty solid hold on that title for awhile. We're doing our best to get rid of it in 2010!

Jan 14, 2010 05:41 PM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

Hi Renee, I think here in Florida we are pretty close, of here is Pensacola we are moving quite a few foreclosed condos. Sad but there is money to be made.

Jan 17, 2010 04:33 AM
Renee L. Norton
Birmingham, AL

Jon, David, Carla, Charita, John & Charles - Thanks for your comments. 

Jan 17, 2010 11:28 AM