FORECLOSURES LOWEST IN FIVE YEARS

WASHINGTON (Lubbock Avalanche-Journal, Real Estate Center) – U.S. foreclosures are down for the second consecutive month, reaching a five-year low.

According to RealtyTrac, there were 180,427 foreclosure filings across the country in September, down 7 percent from the previous month. That’s 16 percent lower than last September and the lowest number of filings nationally since July 2007.

Real Estate Center Research Economist Dr. Jim Gaines noted that the drop was driven primarily by declines in several large non-judicial foreclosure states, including California, Georgia, Texas, Arizona and Michigan. Texas was down 17 percent in September.

Advertisements

About lonestarsocial

Local internet and social media marketing company in Austin, Texas. Lone Star Social fits the needs of each individual or company with packages available for monthly social media management, website consultations, and social media set-up packages . All our packages our tailored to fit your specific needs and range from social media management and set up to internet marketing as well as video and photo editing capabilities. Give us a call at 512-633-9723 or reach us by email barrett@lonestarsocial.net
This entry was posted in Austin's go to Real Estate Blog. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s