Memphis Foreclosures and the Market Going Forward

According to Corelogic data from earlier this year, the Memphis foreclosure rate is 1.48% of the total homeownership market. At the same time, the national average stood at 2.30%. Although the numbers are small, they show the Memphis foreclosure rate is 35.7% lower than the national average. Why the Memphis Foreclosure Rate is Lower Affordability

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Memphis, TN, Foreclosures Spike As Bank Settlement Takes Hold

Now that the official settlement of the “robo-signing” scandal has been completed, and banks are getting back to business as usual, foreclosures in Memphis are beginning to spike significantly. According to an article by local Memphis real estate broker, Joe Spake, which appears on his blog at the “Memphis Real Estate Buzz” Year-To-Date, foreclosures in Memphis are up 35.4% over 2011.

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