Distress Property Stats April 2018

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

In May of 2018, Realtytrac.com reported nationwide there were 587,299 distress properties in April of 2018 down 14.0% from March of 2018, and fell 17.0% from April of 2017. While pre-foreclosures were 35.6%, auctions were 42.2%, and REOs were 22.2%; one in every 2,058 properties homes were in foreclosure during April of 2018. State of New Jersey had the highest rate one in every 743 homes in foreclosure.

Pre-foreclosures gained 1.4% in the April of 2016, from March of 2018, but declined 9.6% from April of 2017.
Auctions increased 4.6% in April of 2016, from March of 2018, and up 3.7% from April of 2017.
REOs fell 45.0% in April of 2016, from March of 2018, and dropped 45.2% from April of 2017.
For complete more detailed information about RealtyTrac.com's distress properties stats for April of 2018, 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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Rainmaker
817,821
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Good, now we can have less distress properties, John Pusa 

In our area we have REO very rare. 

May 29, 2018 12:19 PM #1
Rainmaker
2,470,228
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Valeria Mola distress properties including REOs are low in many areas. Thanks for the comment.

May 29, 2018 12:22 PM #2
Rainmaker
4,185,182
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.

May 30, 2018 07:21 AM #3
Rainmaker
2,470,228
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

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

May 30, 2018 10:51 AM #4
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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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