Blog of Greg Bryan for GB and Associates Covering San Francisco Real Estate

Foreclosures Around The Country

1/9/2014

I read an interesting article today on the Top 10 States Hit by Foreclosures. The following is the information from RealtyTrac.
Note the average number of foreclosures in the nation is 1 in 1,155 housing units with an average foreclosure sales price of $110,000.

1    Florida                        1 in every 392 housing units
2.    Delaware                1 in every 480 housing units
3.    Maryland                    1 in every 618 housing units
4.    South Carolina         1 in every 660 housing units
5.    Illinois                        1 in every 700 housing units
6.    Ohio                            1 in every 757 housing units
7.    Connecticut               1 in every 768 housing units
8.    Nevada                       1 in every 859 housing units
9.    Iowa                            1 in every 869 housing units
10. Utah                            1 in every 889 housing units

See link. http://realestate.msn.com/10-states-hit-hard-by-foreclosures

0 Comments

Home Markets Dropping Across Country Says Wall Street Journal

5/9/2011

0 Comments

According to the Wall Street Journal "Home values posted the largest decline in the first quarter since late 2008, prompting many economists to push back their estimates of when the housing market will hit a bottom."

During the first quarter according to data from Zillow, home values fell 3% in the first quarter from the previous quarter and 1.1% in March from the prior month. The primary reasons for this were the oversupply of inventory and the large amount of foreclosed properties. Fannie Mae and Freddie Mac during the first quarter sold more than 94,000 foreclosed homes during the first quarter. This represents a 23% increase over the previous quarter.

There had been appreciation of property values here in San Francisco, Los Angeles, and San Diego, but recently they have declined again resulting in a double dip.

0 Comments

Foreclosures Around The Country

Home Markets Dropping Across Country Says Wall Street Journal

Author

SF Property Values

Archives

Categories