Corelogic, a real estate consulting firm, reported 48,000 completed foreclosures in August 2013, down from 72,000 a year ago.
The company reported 939,000 of US homes were in some stage of foreclosure as of August 2013. The year-ago number was around 1.4 million homes, according to Corelogic. An economist for Corelogic stated, "A surge in completed foreclosures and a rise in the foreclosure inventory is unlikely."
Corelogic reported Florida lead the country with 111,000 foreclosures during the 12-months ended August 2013. For the country, the company reports fewer than 2 million homes in the "shadow inventory" of foreclosures, which it estimates constitutes about 3.7 months worth of supply.
I take an analytical approach to buying, selling and leasing real estate. I work with families, people looking for a rental home, a second home, investors, etc. As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
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Michael Friedman
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Lang Realty
561-247-3550
An Analytical Approach To Buying, Selling and Leasing Real Estate
http://MYsouthFLrealestate.com
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