The amount of foreclosures in the U.S. is down 35% over the last 12 months, according to RealtyTrac, the primary foreclosure monitoring company in the nation.
Overall, foreclosure filings are as low as December 2006. There are still many homes in the middle of the foreclosure process, so many families aren't completely out of the woods yet, but it is safe to say that the foreclosure market is slowly tapering off.
These stats continue to support a recovering real estate market and economy in general, and it continues to be a great time to buy or sell property. Rates are low, prices are rising, and it's a great time to invest!
Ann Nagel, Broker Associate/Realtor
If you, or someone you know is interested in buying or selling property, please call right away!
- Mortgage Insurance Rates Reduced by FHA!
- Mortgage Rates at 16-Month Lows
- Positive Momentum for Real Estate
- The Good Unemployment Data Report is Good for Real Estate, and the Economy Overall
- Mortgage Rates Hold Steady After Fed Meeting
- Employment, Russia, and Mortgage Rates