Monday, March 01, 2010 3:48:47 PM
Bank Foreclosures Sale Reports Fewer Foreclosures in January
MIAMI, March 1, 2010 /PRNewswire via COMTEX/ -- New statistics from Bank
Foreclosures Sale, a leading online provider of foreclosure listings and
information, reveal that foreclosure rates in states across the nation were down
significantly during January. Nationally, the number of foreclosures for sale
fell by 10% from December to January, with a total of 315,710 foreclosure homes
reported. While these figures do indicate that the new year seems to be getting
off on the right foot for buyers and investors, experts point to the fact that
this month's total may be down, but is still 15% higher than it was in January of
2009.
However, there are plenty of positive signs out there, especially when you narrow
in on the statistics for regional markets. For example, the top 6 states for
foreclosure rates, Nevada, Arizona, California, Florida, Texas and Illinois,
accounted for 60% of the national foreclosure property total. However, these
states are not seeing anywhere near the foreclosure growth rates that they have
previously. Texas and California saw their foreclosures drop by roughly 11%,
while Florida experienced a 14.9% decrease in foreclosure homes.
Similarly, Phoenix, AZ was the only metropolitan area in the Top 10 for
foreclosures to see an increase in January, and it was only a 4% gain. Other
cities, such as Orlando, FL; San Bernardino, CA; and Cape Coral, FL all saw
significant decreases.
"These are some of the biggest foreclosure inventories in the nation, so this
should be a signal to buyers," remarked Simon Campbell, a Business Analyst for
Bank Foreclosures Sale. "Less foreclosures means climbing home values, and with
sale prices for foreclosed homes already looking up in many areas, this could be
the beginning of a great year for buyers."
Other areas with notable decreases in foreclosure homes during January were New
Jersey, down 39.3%; North Carolina, which fell 11.3%; Ohio, down 5.5%; and
Alabama, where foreclosures dropped by 28.4%.
Some states did see hikes in foreclosures during January, but interestingly these
are not areas usually associated with high foreclosures. Experts believe that
Nebraska, up 68.4%; Oregon, increasing by 13.5%; and Delaware, rising 78.9%,
could be experiencing the effects of unemployment and the economic recession
rather than the flooded market and inflated mortgages driving high foreclosures
in the Sun Belt states.
To stay informed about the latest foreclosure news and information or to search
foreclosure listings in your area, visit BankForeclosuresSale.com.
*(LOGO 72dpi: Send2Press.com/mediaboom/10-0301-bankfcsale_72dpi.jpg)
This release was issued on behalf of the above organization by Send2Press(R), a
unit of Neotrope(R). http://www.Send2Press.com
SOURCE Bank Foreclosures Sale
Copyright (C) 2010 PR Newswire. All rights reserved
Recent KBH News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/24/2024 08:19:37 PM
- KB Home Reports 2024 Third Quarter Results • Business Wire • 09/24/2024 08:10:00 PM
- U.S. Index Futures Rise Slightly; Oil Prices Surge Amid China Stimulus and Gulf of Mexico Hurricane • IH Market News • 09/24/2024 10:17:29 AM
- KB Home Named to Newsweek’s 2024 List of World’s Most Trustworthy Companies • Business Wire • 09/19/2024 12:00:00 PM
- KB Home Announces a Rare Opportunity to Own a New Townhome in a Prime Long Beach, California Location Close to Popular Beaches • Business Wire • 09/13/2024 12:00:00 PM
- KB Home to Release 2024 Third Quarter Earnings on September 24, 2024 • Business Wire • 09/10/2024 08:10:00 PM
- KB Home Announces the Grand Opening of Its Newest Community at Farmlore, a Premier New Master Plan in Brighton, Colorado • Business Wire • 08/30/2024 12:00:00 PM
- KB Home Announces the Grand Opening of Its Newest Community in Popular Georgetown, Texas • Business Wire • 08/28/2024 12:00:00 PM
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 08/19/2024 08:51:02 PM
- KB Home Announces the Grand Opening of Its Newest Community in Riverside, California • Business Wire • 08/16/2024 12:00:00 PM
- KB Home Announces the Grand Opening of Its Newest Community Within the Desirable Crossroads West Master Plan in Riverbank, California • Business Wire • 08/16/2024 12:00:00 PM
- KB Home Announces the Grand Opening of Its Newest Community in Graham, North Carolina • Business Wire • 08/09/2024 12:00:00 PM
- KB Home Announces the Grand Opening of Its Newest Community Within the Desirable Villa Ticino Master Plan in Manteca, California • Business Wire • 08/09/2024 12:00:00 PM
- Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities • Edgar (US Regulatory) • 08/08/2024 06:56:02 PM
- KB Home Named One of America’s Best Midsize Companies by TIME Magazine, Earning a Place in the Top 15% of All Companies Listed • Business Wire • 08/07/2024 12:00:00 PM
- KB Home Announces the Grand Opening of Its Newest Community in Manor, Texas • Business Wire • 08/06/2024 12:00:00 PM
- KB Home Sets New Industry Record by Earning an Unprecedented 30 ENERGY STAR Market Leader Awards • Business Wire • 07/29/2024 12:00:00 PM
- KB Home Announces the Grand Opening of Its Newest Community in Raleigh • Business Wire • 07/25/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 08:33:05 PM
- KB Home Declares Third Quarter 2024 Dividend • Business Wire • 07/18/2024 08:10:00 PM
- KB Home Announces the Grand Opening of Its Newest Community at Desert Passage, a Highly Desirable Master Plan in Maricopa, Arizona • Business Wire • 07/12/2024 12:00:00 PM
- KB Home Announces the Grand Opening of Its Newest Community in a Prime Lancaster, California Location • Business Wire • 07/12/2024 12:00:00 PM
- KB Home Announces the Grand Opening of Its Newest Community in Lake Wales • Business Wire • 07/11/2024 09:50:00 PM
- KB Home Announces the Grand Opening of Its Newest Community in Farmlore, a Premier New Master Plan in Brighton, Colorado • Business Wire • 07/03/2024 10:22:00 PM
- Trump Media Resells Stocks and Warrants; KB Home Exceeds Q2 Expectations, and More News • IH Market News • 06/20/2024 10:55:11 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM