Real estate - Foreclosed Home Listings Driving Prices Down in Reno
Approximately two-thirds of active residential real estate listings in Reno as of the first week of July are foreclosed home listings and they are driving home prices down, according to local real estate sales records. Currently, there are about 3,000 properties in foreclosed home listings in Reno, the county seat of …
Source: www.foreclosurelistingsnationwide.com
Nationwide Unemployment Rate Driving Foreclosed New Homes
The worsening level of joblessness across the country is driving the rise in number of foreclosed new homes. In June, the nationwide unemployment was 9.5 percent, and with the current economic difficulties, analysts are expecting the jobless rate to surpass the 10-percent level in 2010. In a nationwide study of foreclosure …
Source: www.foreclosurelistingsnationwide.com
Foreclosure List Inventories in St. George, Utah Growing
More than 3 percent of all mortgages in the St. George region of Utah were added to foreclosure list inventories in May, based on foreclosure records in Washington County. Washington County’s foreclosure rate continues to be higher than the nationwide foreclosure rate of one out of every 398 housing units. Utah s …
Source: www.foreclosurelistingsnationwide.com
Tags: County Seat, Economic Difficulties, Foreclosure List, Home Listings, Housing Units, Inventories, Jobless Rate, Joblessness, Local Real Estate, Mortgages, Nationwide Homes, New Homes, Real Estate Listings, Real Estate Sales, Reno, Residential Real Estate, St George Utah, Two Thirds, Unemployment Rate, Washington County