National Real Estate Foreclosure News –
Sales Down, New Foreclosure Filings is Up
According to RealtyTrac, the number of
homes sold through foreclosure dropped 27.77% from June 2011 to July
2011. During July 71.264 foreclosure homes were sold nationally.
This news is good until you look at
more recent stats.
The number of new foreclosure filings
jumped up 7.21% from July 2011 to August 2011. During August there
were 228,098 new real estate foreclosures nationally. One in every
570 homes (single family homes, condos and ½ duplexes) received a
real estate foreclosure filing in August.
Currently there are 1,596,954 real
estate foreclosures nationally. Kansas accounts for 14,622
foreclosure homes and Missouri accounts for 16,618 foreclosure homes.
Kansas had 1,274 new foreclosures for
the month of August. That means that 1 in every 968 housing units
went into foreclosure in August. Although this seems high, it is much
lower then the national average of 1 in every 570 housing units going
into foreclosure in August.
On the Kansas side of Kansas City, the
most populous county, Johnson County, led with the most new
foreclosures, with Wyandotte County in second, then Leavenworth
County and lastly, Miami County.
Johnson County had 280 new foreclosures
or 1 in 778 housing units going into foreclosure in August.
Wyandotte County had 213 new
foreclosures or 1 in 319 housing units going into foreclosure in
August.
Leavenworth County had 33 new
foreclosures or 1 in 866 housing units going into foreclosure in
August.
Miami County had 12 new foreclosures or
1 in 1057 housing units going into foreclosure in August.
The top cities with the most new
foreclosures in Johnson County, Kansas are Shawnee with 79, Olathe
with 54, Overland Park with 50, Stilwell with 23 and Lenexa with 15.
The cities with the most foreclosures are typically the most
populated cites for the past month.
The cities with the highest percentage
of new foreclosures in Johnson County are Stilwell with 1 in every 97 homes, Edgerton
with 1 in every 241 homes, Shawnee with 1 in every 340 homes, Spring
Hill with 1 in every 429 homes, Gardner with 1 in every 517 homes, De
Soto with 1 in every 650 homes and Olathe with with 1 in every 773
homes. The cites with lying on the outskirts of the county had the
highest percentage of new foreclosures.
Know of someone that maybe headed to
foreclosure in Kansas City? We can help them avoid foreclosure.
RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?
Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty
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