Foreclosures Dip 5 Percent in First Half of Year
MIAMI, Fla., Aug. 10 (SEND2PRESS NEWSWIRE) — Foreclosure Listings Nationwide, a leading provider of foreclosure listings and foreclosure investment information, announced a nationwide 5% decrease in foreclosure properties over the past six months. Much of the decrease occurred during the second quarter of 2010, when foreclosures fell 4% from the previous quarter and were up only 1% from the second quarter of 2009.
With a total of 1,654,630 properties entering some stage of the foreclosure process from January 1 to June 31, the mid-year statistics show a slowing trend over the first part of the year, and a year over year decrease of almost 7% from June of 2009. But experts warn buyers not to read into the statistics as the end of the foreclosure trend.
“We’re seeing a decline in foreclosure rates not because the market is repairing itself, but because banks are providing homeowners more time [...]
Original post by Foreclosure Listings Nationwide