Foreclosures lowest rate since 2006!!

Posted by Highrises.com Concierge on Thursday, December 12th, 2013 at 2:56pm.

We have great news in the United States real estate market today.  Last month, in November, foreclosures are down 37% when compared with one year ago’s market in November 2012.  This exciting data released from RealtyTrac showed that in just one month (October 3013-November 2013) the number of foreclosures are down 15% to a total of 113,454 homes reporting foreclosures in November 2013.  This brings the number of foreclosures the lowest they have been since August 2006.  The foreclosures include bank repossessions, scheduled auctions and notices for default.  

According to the US Census, privately owned housing building permits are up 13.9% in October 2013 when compared with the years previous permits in October 2012.  Also, in the third quarter prices rose eleven percent showing the prices are still rising but stabilizing at a more level pace.  

While the market is gaining strength, search homes in your area

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