Foreclosures
US property foreclosure figures easing
(PROPERTY WIRE) - The US real estate foreclosure crisis is easing with the latest figures showing a drop of 10% in January but concerns remain for months ahead.
After hitting a record high in 2009, the rate at which properties are being repossessed is slowing, the latest data from RealtyTrac shows. But although there was an improvement last month the figures are still 15% above January 2008.
Nevada continued to lead all states in terms of foreclosure rates with as one in every 95 homes received a filing in January, more than four times the national average. Arizona jumped to second with a 4% increase in foreclosure activity, with one in every 129 Arizona affected.
Another badly hit state, California, saw foreclosure filings dropping more than 10%. There, one in every 187 homes received a filing in January, the third highest rate in the country. Florida wasn’t far behind as one in every 187 homes received a filing, a 15% drop from the previous month.
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2 comments for “US property foreclosure figures easing”
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foreclosures are the best way to find a home right now. This is something that is really easy to see right now due to the crisis
There are a lot of foreclosures happening recently. This is good for those who are ready to buy and invest