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Foreclosures Lowest Since 2006

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Real Estate Agent with Keller Williams Realty CalBRE# 01308620

Foreclosures Lowest Since 2006

Another not-so subtle sign of economic recovery.  The national numbers on foreclosures are very promising.  Total foreclosure filings, including notices of default, scheduled auctions and bank repossessions, dropped to 127,790 in June, down 35% over the past 12 months, according to RealtyTrac. Filings have hit their lowest monthly level since December 2006.

Foreclosures Lowest Since 2006

The nation number of foreclosures has dropped 14% since May 2013!  Foreclosures are no longer an issue on the national scale.  There are still a few states with higher than average results, but the country as a whole is witnessing this sharp decline.  However, bank reposessions are climbing steadily to more than 420,000 per year.  The national average in years past was only around 250,000.

Foreclosures Lowest Since 2006

With home values on the rise across the country, more homeowners have been able to keep their homes or put them on the market before foreclosing.

Pam Graham
All Real Estate Options - Jacksonville, FL
Jacksonville, Clay & St Johns Counties

That's great news and hopefully we can continue to see those number decline. I would love to see less short sale homes also. :)

Aug 11, 2013 04:01 AM