Distress Property Stats November 2016

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CBRE #01044712

In December of 2016, ATTOM Data Solutions parent of Realtytrac.com reported there were 870,203 distress properties in November of 2016 declined 18.0% from October of 2016, and fell 17.0% from November of 2015. One in every 1,526 U.S. properties with a foreclosure filing, and State of New Jersy was the highest with one in every 597 housing units in foreclosure filing in October of 2016. While, pre-foreclosures were 26.6%, auctions were 36.7%, and REOs were 36.7%; in November of 2016.

Pre-foreclosures fell 16.0% in November of 2016 from October of 2016, and down 16.0% from November of 2015. Auctions declined 27.5% in November of 2016 from October of 2016, and lower 12.8% from November of 2015. REOs decreased 7.2% in November of 2016 from October of 2016, and dropped 21.1% from November of 2015.

For complete more detailed information about RealtyTrac.com distress properties stats for November of 2016, please CLICK HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Peter Mohylsky 12/26/2016 05:17 PM
Topic:
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Rainmaker
2,937,715
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Wishing you and yours a Happy and Prosperous New Year - see you in the ‘Rain!!

Dec 26, 2016 05:16 AM #1
Rainmaker
2,654,978
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning John. Progress is steady and improving over time. Enjoy your day!

Dec 26, 2016 05:49 AM #2
Rainmaker
4,259,107
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for the update, John.  Looks like the number of distressed properties is declining.

Dec 26, 2016 04:16 PM #3
Rainmaker
2,366,845
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Tony and Suzanne Marriott, Associate Brokers Thank you, wishing you Happy New Year s well. Thanks for the comment.

Dec 26, 2016 04:25 PM #4
Rainmaker
2,366,845
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Wayne Martin You are right. Things are improving slowly. Thanks for the comment.

Dec 26, 2016 04:26 PM #5
Rainmaker
2,366,845
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Gabe Sanders  You are welcome.  I agree, distress properties are declining. Thanks for the comment.

Dec 26, 2016 04:27 PM #6
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Rainmaker
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John Pusa

Your All Time Realtor With Exceptional Service
I will be very happy to assist you with your real estate needs.
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