PRESS RELEASE: Reports on Foreclosure Filings for First Half of 2009

| From

MIAMI, Fla. (SEND2PRESS NEWSWIRE) -- has been closely following and analyzing foreclosure filing data around the nation. For the first half of 2009, the company reports that foreclosure filings were just shy of two million. This number is a nine percent increase from the last six months of 2008 and a 15 percent increase from the first six months of 2008.

The data shows that cities in California, Florida, Nevada and Arizona had the greatest number of documented foreclosure rates in the first half of 2009. These states accounted for 35 of the 50 highest foreclosure rates among metro areas with a population of 200,000 or more.

More than 20 percent of the metro areas which showed above average levels of foreclosure activity were in states such as Oregon, Idaho, Utah, Arkansas, Illinois and South Carolina. This data suggests that much of the new foreclosure activity may be more directly related to growing unemployment rates in those areas as opposed to subprime and adjustable rate loans coming to term.

However, not all the news is grim. Some of the previously foreclosure-saturated metro areas in Michigan, Ohio, Indiana and California actually posted declining foreclosure activity in the first six months of 2009.

"And, as the credit markets begin to show some signs of loosening," James Fox, business analyst for says, "now is an opportune time for first-time home buyers and other real estate investors to scoop up a prime piece of real estate for well under market value. Why pay full price when some properties are available for up to 50 percent less?" is a leading online foreclosure listing service that provides its users with access to a huge database of foreclosure listings that are updated and refreshed daily.

Staffed by an expert team of real estate professionals, provides its clients with guidance and support 24 hours per day, seven days per week.

News Source:
Like, Share, Save this press release:
  TWEET   SHARE   G+   STUMBLE   LinkedIn   Instapaper   Buffer

The content of the above press release was provided by the “news source” (ForeclosureDeals) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2009 ForeclosureDeals with newswire version Copr. © 2009 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 23 2016:
[ count retired 8.4.16 ]

Real Estate, Miami Business, or: Search

back to top
REFERENCES: foreclosure deals, housing market stats, ForeclosureDeals, analyzing foreclosure filing data around the nation, online foreclosure listing service, Florida, housing market stats, news, press release from ForeclosureDeals, Aug 10, 2009, Real Estate, , , , , Reports on Foreclosure Filings for First Half of 2009