Tagged : foeclosures 
There are currently 1 blog entries matching this tag.
Foreclosure Activity Increases 6% in February Nationally, Let's Look Locally Too
Friday, March 12th, 2010 at 8:51am. 733 Views, 9 Comments.
According to RealtyTrac, foreclosure activity is up 6% in February of 2010 compared with the same time period in 2009. This represents the smallest increase in activity in 4 years. To me, that doesn't mean we are seeing improvement and there isn't anything to indicate that we are heading towards consistent year of year decreases in foreclosures so in my opinion, this is still more bad news for home values.
Locally, foreclosure sales in February of 2010 were 1245 compared with 1430 sales for the same time period in 2009. Interestingly, non-foreclosure sales in 2010 totaled 1598 meaning that foreclosure sales made for about 44% of sales in 2010 while in 2009 non-foreclosure sales were 1512 or 48.6% of sales. In 2008, non-foreclosure sales totaled 2182 with…