New Foreclosures rise, total inventory remains stable

According to data released today by Foreclosure.com, 87,794 foreclosed residential properties were available for sale in the United States during October–almost unchanged from September. The total number of new foreclosures listed for sale in October–21,998– increased 8% from September. The re-listing of available HUD-owned properties in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Oklahoma, South Carolina, Tennessee and Texas, resulted in the increase of new foreclosures in October. “Foreclosure levels in the U.S. remain low compared to the beginning of this year,” said Brad Geisen, president and CEO, Foreclosure.com. “While there are still pockets of increasing inventory in the Midwest and Northwest, foreclosure levels in most of the country have remained flat during the past six months.” (Source: RisMedia) Full story . . .

About the Author

Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog

Related posts:

1. Colorado Foreclosures Year End Update
2. Colorado Foreclosures
3. Home Prices On The Rise, Says The October Home Price Index Report
4. Housing as Commodities, the Housing Market Bottom, Short Sales, Foreclosures, and the Media
5. Denver foreclosures help lower vacancy rate for apartments.