Nationwide Foreclosure Statistics - How Did The Country Fare In 2009?
One of the biggest unavoidable concerns for homeowners today is the seemingly ever-increasing number of foreclosures throughout the nation
. 2008 was a devastating year. Foreclosure activity was up 90% nationwide from 2007. Some localized areas were far worse, like California which saw an increase of 150% between January and February of 2008. These statistics are a little outdated, however, since as of September 2009, nationwide foreclosure statistics have seen an improvement! The best news is localized, however, as many of the current statistics are mixed on a nationwide level.The main areas that real estate investors and homeowners look at when considering nationwide foreclosure statistics are the number of foreclosure filings in a certain area and the price of homes in those same areas. The current numbers suggest that there may finally be light at the end of the tunnel. Five of the top markets have seen a decreased number of filings. Michigan's numbers have decreased by just over 4%, California is down by almost 5%, the number of filings in Texas has declined by more than 7%, Florida is down by 8.5% and Arizona has 9% less filings now than in 2008. Colorado has the most impressive improvement, seeing foreclosure filings drop an impressive 13%. Unfortunately, these promising statistics are not true nationwide. West Virginia, for example, actually had an increase in foreclosures in excess of 17%.
Cities within the states that saw improved numbers of foreclosures are showing great improvement with a limited number of exceptions to that fact. Phoenix showed that the number of foreclosures decreased by more than 8%. Foreclosure rates in Memphis dropped by almost 12% and Miami showed the most improvement with a 14% decline in filings. Several other cities also saw decreases in their numbers, but these are the most impressive foreclosure statistics nationwide.
The prices in the housing market are also important in determining the health of the country's real estate. Four out of the top five markets in the country have seen an increase in prices. This is great news for homeowners who are looking to sell. In both states of California and Florida, the percentage of price increases is under 1%, but that amount can make a difference. Michigan, another important real estate market, saw home prices go up by 1.4%. Texas was the most impressive with an increase of 4.8% seen in housing prices. To wrap it up, nationwide foreclosure statistics are improving overall, but not everywhere.
by: Troy Truman Spa Breaks Spa Hotel Unique Locations To See In Tropical North Queensland What You Should Know When Looking For Jobs In Sweden White Hot - Singles Tour Antarctica 2009 Venues In Birmingham With Outdoor Space Americans Living In Australia I Love Italian Travel - Northern Italian February Attractions Survival Tips For Holiday Parties Traveling In Luxury And Safety - How To Select The Right Limousine Service To Bare At The Beach Surfers Paradise - A Complete Tourist Holiday Destination Less Common Destinations For Cheap City Breaks In The Uk