Foreclosure numbers continue their decline
**Rancho Carrillo Real Estate Blog**
Data across the board is a positive sign
County foreclosure numbers were down once again in September, showing more signs of a stabilizing real estate market.
Notices of default, which is the first step in the foreclosure process, were down 8.7% from August to September and down a whopping 34.2% from September 2011 to September 2012.
Trustee deeds, which is the final step in the foreclosure process, were down 9.9% from August and another whopping 46.8% from September of last year.
Why are the numbers continuing to fall? One reason is the improving economy. If someone was out of work and in danger of losing their home but has since secured a job, they are more likely to stay in their home. Another reason is because underwater homeowners who might have tried a “strategic default” may be deciding to stay in their homes. Increased home values are making these homeowners think again before going down that path.
Experts agree that while these numbers are impressive, we’re not out of the woods yet. The numbers are still above historic norms and will continue to be for some time. However, as we keep seeing more improvement in the foreclosure arena, it bodes extremely well for the real estate market – and economy – as a whole.
Bryan & Allison Devore are known as the best Rancho Carrillo Real Estate Agents with over 100 sales. We incorporate proven, professional state of-the-art techniques specializing in assisting buyers and sellers with regards to Rancho Carrillo homes for sale in Carlsbad. It’s an honor to be known as the best Rancho Carrillo Real Estate agents with over 100 Rancho Carrillo real estate sales. Contact us today at 760-908-3838 for all your Rancho Carrillo Carlsbad Real Estate needs.
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