Distress Property Stats July 2020

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

In August of 2020, Realtytrac.com reported nationwide there were 278,781 distress properties in July of 2020 gained 4.0% from June of 2020, but fell 83.0% from July of 2019. While, one in every 15,226 properties homes were in foreclosure, and State of Delaware had the highest rate with one in every 6,417 homes in foreclosure during July of 2020. Pre-foreclosures were 28.4%, auctions were 47.3%, and REOs were 24.3%;

Pre-foreclosures down 7.2% in the July of 2020, from June of 2020, and sink 84.1% from July of 2019.
Auctions rose 5.4% in July of 2020, from June of 2020, but dropped 82.6% from July of 2019.
REOs decreased 13.6% in July of 2020, from June of 2020, and lower 80.5% from July of 2019.

For complete more detailed information about RealtyTrac.com's distress properties stats for July of 2020, 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

Comments (2)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

John Pusa thank you for sharing this date.  This is good information for Buyers and Sellers.

Aug 15, 2020 05:21 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

You are welcome George Souto glad you find the report very helpful for buyers and sellers. Thanks for the comment.

Aug 15, 2020 05:55 PM