By Emilio DiSpirito Realtor/ Real Estate Consultant / Radio Show Host
The housing market has seen its best year in sales numbers since 1986!! With that said, are there still foreclosures out there? If so, how many? You may be surprised at these statistics.
There are always going to be people & families all around us that are going through the struggle.. my family did.. I personally did.. you are probably looking over at the person next to you with a quiet smile thinking about more turbulent times in your life or maybe you or someone close to you is going through them right now!! Listen up, because we are not only going to talk stats, but also options out!
According to RealtyTrac.com:
- 1 out of every 1573 homes in Rhode Island is a foreclosure on average.
- According to US Census Bureau there are 462,578 housing units for our 1,056,028 citizens in Rhode Island.
- Meaning if their stats are right on RealtyTrac, there are approximately 294 active foreclosures on the market
- According to the Multi Listing Service aka MLS, where Realtors add properties on the market, there are 195 Active Foreclosure Listings and 366 pending! In retrospect, when you add up all of the Non Foreclosure listings in RI for Condos, Multi Families and Single Family housing we get a total of 7,891 total pending and active and 561 total pending and active foreclosures, thus making 14% of the current real estate market here in Rhode Island, foreclosures.
Here is a list of how many homes per county in Rhode Island are foreclosed homes
In the grand scheme of things, there are less than 1% of homes in the United States who are in foreclosure which represents a healthy and stable market compared to that of 2010 when 26% of all homes in the US were going through the foreclosure process!
What are the top 12 States in the US for foreclosures? Click here to see the list!
Now that brings us to our next topic on the topic!
Click here to read our blog on how to avoid foreclosures!
Easily obtain your homes value! You may have enough equity or we may be able to get a cash buyer for you to get out clean!! Call 401-359-2338 or www.HomePrice411.com to see!
In the grand scheme of things, there are less than 1% of homes in the United States who are in foreclosure which represents a healthy and stable market compared to that of 2010 when 26% of all homes in the US were going through the foreclosure process!
What are the top 12 States in the US for foreclosures? Click here to see the list!
Now that brings us to our next topic on the topic!
Click here to read our blog on how to avoid foreclosures!
Easily obtain your homes value! You may have enough equity or we may be able to get a cash buyer for you to get out clean!! Call 401-359-2338 or www.HomePrice411.com to see!
