FOR IMMEDIATE RELEASE: (of interest to editors covering: Real Estate, Economic Reports, N.Y. Business) Investors Eye Foreclosure Declines, Home Price Increases NEW YORK, N.Y., July 6, 2009 (SEND2PRESS NEWSWIRE) -- Despite recent negative information about the job market in the United States, the housing market is beginning to show some signs of improvement shows the latest ForeclosureListings.com report. Investors wanting to take advantage of the slumping prices and frequent foreclosures, particularly in some of the top markets, may need to act more quickly. According to ForeclosureListings.com nationwide data, foreclosures in many of the top states for investors dropped. For example, the rates in California dropped by over 3.5 percent and rates in Florida fell by nearly 2 percent. The rates in Arizona fell by almost 1.5 percent while those in Texas dropped by just over 1 percent. Foreclosure rates in Georgia and Michigan fell by less than 1 percent. The largest drop by far for foreclosures was seen in Nevada which saw its foreclosure rates plummet by nearly 7.5 percent. In comparison, Hawaii saw a significant increase of over 5 percent. Many individual cities also saw notable decreases in their levels of foreclosures, including Salinas (almost 18 percent), Las Vegas (9.5 percent), Chicago (6 percent), Detroit (4.3 percent), Atlanta (3.2 percent), Phoenix (1.6 percent), and Memphis (under 1 percent). Montgomery, Alabama saw the highest increase in foreclosure rates among U. S. cities with an increase of over 7 percent. Home prices in many states and some big cities have also started to creep upward. Increases of less than 1 percent have been seen in states such as California, Georgia, and Texas while the prices rose by just over 1 percent in Florida and Michigan. Housing prices average $64,000 in Ohio (the lowest average price in the country) and $343,000 in California (the highest average price in the country). Price increases have been seen in cities, including Miami (1.3 percent), Las Vegas (1 percent), Orlando (1.3 percent), Phoenix (less than 1 percent), Atlanta (less than 1 percent), Denver (2.3 percent), and San Diego (less than 1 percent). The biggest jump in prices was in Ridgefield, Connecticut where prices rose by more than 45 percent. However, home prices in Sanibel, Florida fell by 25 percent. More information: http://www.ForeclosureListings.com . *(Logo 72dpi: Send2Press.com/mediaboom/09-0612-FClistings_72dpi.jpg) All trademarks and service marks are the property of the respective parties. Send2Press(R) is the originating wire service for this story, Copr. 2009. NEWS SOURCE: ForeclosureListings.com # # # // RELEASE END // MEDIA ONLY CONTACT(S): [ contact info below not for publication online or in print ] Kevin Simpson of ForeclosureListings.com support @ foreclosurelistings.com +1-646-502-9455 //Note to editors: * Print-ready images may be requested from the above media contact. ......... Plain Text Copy, and Story Permalink: http://www.Send2Press.com/mediadrome/2009-07-0706-001BP.txt Release PDF: http://www.Send2Press.com/mediadrome/news_2009-07-0706-001BP.pdf Get our full-text news via RSS: http://www.Send2Press.com/RSS2/rss.xml RSS feeds by news topic: http://feeds.send2press.com/idx_RSS.shtml Add our news to your blog or Web site automatically: http://feeds.send2press.com/ ......... Text provided by news source (and/or the source's authorized agency), who is solely responsible for accuracy and legality of content transmitted. ......... This news story from Send2Press Newswire may be redistributed and re-posted in part or in whole by members of the media. Copr. (c) Send2Press, a unit of Neotrope(R). For news aggregation sites, blogs, and bureaus, you must retain Send2Press as the original wire service source. You may capture and self-host images linked to in above release, but do NOT stream from our server. ......... The original version of this release was issued on behalf of the above organization (the "news source"), by Send2Press(R) Newswire, a service of Neotrope(R). http://www.Send2Press.com/ ......... JULY 2009 Press Release / B-NAT US=(NY) / pre = / ytv = / agency = /END/