Featured News

Categories: US Real Estate

US Foreclosure Picture Worsens in August

Confusing signals, that's what conflicting reports of a real estate market gaining momentum and one headed back into the doldrums are good for. According to RealtyTrac's August forecolusure report, defaults in the US are on the rise again.

Image Courtesy of In This Economy

Without including all the technicalities that can account for such a rise, it should be significant enough to note default notices, auctions, and especially repossessions totaled 193,508 in August alone. The research firm documented that some 20 states reported increases in foreclosure related activities, Illinois being at the top of the national list. One in every 298 housing units there has some kind of foreclosure filing associated with it.

California and Florida also remained high on the list of state with the worst foreclosure rates. New Jersey, New York, Maryland, Illinois, and Pennsylvania were not far behind in the dubious category either. The heat map from RealtyTrac below shows the foreclosure picture state by state.

Al Twitty

Recent Posts

How To Find the Best Real Estate Agent for Your Needs

Buying or selling a home is a big decision, and it's important to have a…

4 hours ago

Smart Home Automation: Simplifying Your Life with Intelligent Systems

In today's fast-paced world, where time is a valuable resource, smart home automation has emerged…

1 day ago

Victoria's Adam Gant: Focusing on Philanthropy Through Real Estate Lens

Real estate professionals are a special breed, with unique perspectives on business, property development, city…

1 day ago

Getting Bigger Bite of the Boroughs: A New York City Real Estate Story Reported Demise of the City Greatly Exaggerated

Results of the 2020 U.S. Census revealed that New York City – comprised of five…

1 day ago

Realty Biz News Q&A Choosing Culture For the Win With Steve Doty, Broker/Owner ERA Doty Real Estate

After more than 18 years in executive management of a worldwide manufacturing company, Steve started…

1 day ago

Packing House in One Week

Packing a House in One Week While moving to a new property is an exciting…

2 days ago