Prescott Real Estate- Foreclosure activity drops nationwide
December 12th, 2008 categories: Market Update, Prescott Market Statistics, Prescott Real Estate Trends
The number of American homeowners dragged into the foreclosure crisis fell this past month to the lowest level since June as new laws lengthened the process.
Nationwide, more than 259,000 homes received at least one foreclosure notice in November, down 7% from October, but 28% higher from one year ago.
In October, 5.03% of homes listed for sale in Prescott were banked owned. As of today that number has gone up to 8.26%
A report was issued by RealtyTrac naming Nevada, Florida and Arizona as the nations top foreclosure rates. In Arizona one in every 198 homes is in foreclosure.
