|
Foreclosure Numbers Throughout the Nation's Housing Industry |
 |
 |
By Nick Adama
 One of the largest unavoidable concerns for homeowners today is the seemingly overwhelming number of foreclosures throughout the nation. 2008 was a devastating year. Foreclosure activity was rising 90% nationwide from 2007. Some localized areas were far worse, such as California which saw an increase of 150% between January and February of 2008. These statistics are a little outdated, however, since as of September 2009, nationwide foreclosure statistics have seen a small improvement. The best news is localized, however, as many of the current statistics are encompased on a nationwide level.
The main areas that real estate investors and homeowners look at when considering nationwide foreclosure statistics are the number of foreclosure filings in a certain area and the price of properties in those same areas. The current numbers suggest that there may finally be light at the end of the tunnel in terms of theproperty market. Five of the top markets have seen a lower number of filings. Michigan's figures have decreased by just over 4%, California is down by almost 5%, the number of filings in Texas has declined by more than |
|
Read more...
|
