| Send2Press.com • Today is Sunday, February 12, 2012 | A Member of the Neotrope News Network |  |
|
|
NEWS ARCHIVES : U.S. and World News :
Real Estate
News
|
Press Release:
Statistics Suggest a Less than Stable Real Estate Market
 The foreclosure rates increased in four major markets: California (less than 1 percent increase), Florida (4.3 percent increase), Texas (6.3 percent increase), and Colorado (over 20 percent). However, other states saw the number of foreclosures drop, including Georgia (less than 1 percent decrease), Arizona (nearly 9 percent decrease), and Michigan (less than 1 percent decrease).Individual cities also saw a mixture of increased and decreased rates of foreclosure. Both Phoenix and Georgia saw their foreclosure rates drop by 8 to 9 percent. The Detroit foreclosure rates also dropped by more than 2 percent. Other cities saw continued increases in foreclosures: Chicago (12.5 percent), Memphis (almost 5 percent), and Miami (less than 1 percent). Although the foreclosure rates are fluctuating in many parts of the country, most of the big real estate markets have seen increases in the property prices recently. Although most of these increases have been modest, they are a positive sign after many consecutive months of falling prices. In California, Florida, and Georgia, the average property prices increased by less than 1 percent to $344,892, $222,765, and $134,210, respectively. In Michigan, however, the average price jumped by more than 3 percent to $90,208. Not all states saw an increase in these prices. Texas saw a 12 percent decrease in the average price; it dropped to $109,882. Overall, real estate investors looking for bargains can still focus on a number of the big markets even those which are showing slightly higher prices and decreases in foreclosure rates. More information: www.ForeclosureListings.com.
NEWS SOURCE: ForeclosureListings
Send2Press® is the originating wire service for this story. Terms of Use. © ForeclosureListings. All trademarks acknowledged.
THE CONTENT OF THE ABOVE PRESS RELEASE WAS PROVIDED BY THE NEWS SOURCE (ForeclosureListings), WHO IS SOLELY RESPONSIBLE FOR ITS ACCURACY. FOR QUESTIONS ABOUT THIS STORY CONTACT THE NEWS SOURCE AND NOT THIS WEBSITE.
Journalist Resources:
Download original press release as issued including media contact information for ForeclosureListings.
Additional News Releases on Similar Topics:
|
Subscribe to Send2Press®
Daily News Releases by E-Mail
Follow Send2Press on Social Sites: 
Additional News from
ForeclosureListings : » Borrowers Fighting June Foreclosure Rise in California and Arizona » Foreclosure Crisis Falling and Rising in Major Cities » More Expensive Houses Entering Foreclosures » Top 5 States with More Foreclosures in 2011 from 2010 » Foreclosure Rates on the Rise Across the Nation
|
||||||||||||||||||||||||||
View our news channels by industry topics, by U.S. States, or by selected U.S. Cities:
|
Terms of Use and License
This "article format" version of the issued press release is Copr. © 1983-2012 Neotrope/Send2Press. You may freely link to this article version of the press release or may use the release text as the basis for an original article or news posting. If the content is copied verbatim via a scraping or copy/paste method, the news item must be properly "attributed" to Send2Press® Newswire as the originating wire service for this story (may not be posted on ANY site selling/offering SEO or PR services, newswire services, or adult content!). |
DISCLAIMER: the above press release content is believed accurate but not guaranteed, and is based on business news supplied by the source. The noted source is solely responsible for its accuracy. Financial/Stock news may contain forward looking statements. Neotrope/Send2Press (this website) makes no claims of accuracy or suitability for any purpose. Any opinions expressed by representatives of company(s) mentioned in news and profiles are solely those of the person indicated, and do not reflect any opinion or policy of Neotrope® or Send2Press. Your use of any information contained herein is done solely at your own risk, and you are fully responsible for using any information herein, or on sites mentioned or linked to in the article. All trademarks acknowledged.
REFERENCES: Statistics Suggest a Less than Stable Real Estate Market, ForeclosureListings, recent foreclosure and real estate prices throughout the United States, big real estate markets have seen increases in the property prices recently, press release, Aug 17, 2009. |
|
THIS PAGE MEDIA READS (by media and public, as of today): 3489 times (2 today, 2 this week, 17 this month, 40 this year)
Site Design and Content is Copr. © 1983 - 2011 Neotrope® - All rights reserved. Send2Press® is a reg. trademark and service mark of NEOTROPE.
Press Release Writing | About Send2Press | Meet Our Staff | Contact Us | Our Services | Help Desk | Legal | Privacy | How-To Articles | RSS Feeds | Journalist Tools | Client eMediaKits | Headline Feeds | Podcast | PR News Channels | Daily News Desk | Success Stories | PRTRax™ Reader Tracking | Targeted News Distribution | Internet Marketing Services | Order PR Services | Terms of Service (TOS)