This activity was a decrease of 34 percent as measured in total properties from 2010.
The activity was a decrease of 33 percent from the 2009 total
The activity was a decrease of 19 percent from the 2008 total.
So, what does that mean???
Well, I am not a math major or even a stats guy, but it sure seems like things are improving based on the notable decrease in foreclosure filing activity...or as my niece says, "They're getting less bad".Â I think she's on to something!
As of the end of 2011, the report indicated that 1.45 percent of U.S. housing units (one in 69) had at least one foreclosure filing.
The foreclosure filing was down 2.23 percent from 2010.
The foreclosure filing was down 2.21 percent from 2009.
The foreclosure filing was down 1.84 percent from 2008.
Total U.S. foreclosure activity and the U.S. foreclosure rate in 2011 were both at their lowest annual level since 2007 per RealtyTrac's U.S. Foreclosure Market Reportâ„¢.
Bardan Azari, Cherry Picker Investments (www.cherrypickerinvestments.com), said "We have seen less legal actions being started which would support the RealtyTrac data, but we are seeing a lot more of the properties in the foreclosure pipeline going to auction.Â Additionally, we are working with more real estate investors and rehabbers now seeking properties than we were one year ago.Â The market may be rebounding."
Michael Hobbs, PahRoo Appraisal & Consultancy