Foreclosures See a Steady Decline Nationwide

Posted by Steph Kaye on Tuesday, April 30th, 2013 at 11:10pm.

CoreLogic, "a leading provider of consumer, financial and property information, analytics and services to business and government," recently released its National Foreclosure Report, and it is nothing but good news for the real estate market.

According to the study, foreclosures have shown a 16 month steady decrease; in this past year alone, foreclosures have seen a 19% decrease nationwide.

The study also reports the five major states with the highest number of foreclosures, and Michigan weighed in as number three with 73,000. While this seems like dismal news for the state, the study also shows that the fastest decline in foreclosures is in major metropolitan areas such as Detroit.

With this information in mind, it is safe to say that the market is only going to get better for sellers and owners in the coming years. So, if you're looking to sell your home in the near future, contact Lang Premier Properties today. You might find that a foreclosure is not your only option. You may be eligible for a short sale or even a traditional home selling process!

Lang Premier Properties is home to a leading Oakland County Short Sale Realtor. Specializing in all aspects of real estate including West Bloomfield, MI short sales, foreclosures and working with home buyers and sellers with Macomb County Luxury homes. When you hire Lang Premier Properties, whether you are purchasing or selling Metro Detroit Real Estate, you can rest assured that you are in good hands.


Leave a Comment