Encouraging Real Estate Foreclosure Update

July 12, 2013 5:03 pm Published by

Much attention has been given to the real estate sector of the economy during and following the financial Crisis. This blog post looks at real estate sector with specific emphasis on foreclosure activity.

Real estate markets continue to gain ground. U.S. Foreclosure activity has interesting figures that also show improvements regarding housing markets. According to Realty Trac this week, year to year U.S. foreclosure starts are projected to decrease from 1.1 million to just over 800,000.  Additionally, the number of foreclosure starts in June was at a 7.5 year low. Not since late 2005 has the number of foreclosure starts been this low. Bank repossessions are also improving. The numbers of 2013 bank repossessions are projected to be roughly 500,000, suggesting an estimated 25 % decrease from 2012.

34 states have reported lower overall foreclosure rates, but there are still places in the country that are struggling. Florida, Ohio, Nevada, Illinois, and Georgia all have higher foreclosure rates and are the highest this year (to date).  Florida alone has all five of the worst metropolitan areas for foreclosures. However, it is important to note that foreclosure laws vary by state and so comparisons may be more tricky then suggested. In particular, this could imply that Florida may have certain laws that make foreclosure rates look worse or more susceptible to foreclosures in general.

The time-line that foreclosures are taking varies per state and has increased at an almost linear rate since 2007. New York and New Jersey are fighting for top spot in longest average time to foreclose. Texas is the unchallenged last. A notable state, Florida, is just behind New York and New Jersey. This is represented in the graph below.




Real estate markets continue to improve. As for a true view of shadow inventory, that remains to be seen. Another positive aspect is the real estate internet marketing statistics 2013 continue to show improvements from internet search engines.

Got a challenge for us?

We have the solution.

Footer Form

  • Hidden
  • This field is for validation purposes and should be left unchanged.

Follow Us For the Latest Industry Insights


As ULI's Ed McMahon explains in @smartcitiesdive, it's a way for communities to differentiate themselves from others – and since most are near highways, they're already transit-ready!

While I knew this day was coming, I’m still sad to see this announcement officially go out…

So, it’s story time about the early days of Google Optimize and how it came to be.

A busy housing data week ahead. Mon @NAHBhome / @WellsFargo builder confidence HMI; Tue @uscensusbureau / @HUDgov housing starts; Wed @nardotrealtor existing home sales; Fri @uscensusbureau / @HUDgov new home sales. 2023 will see more weakness, but rebound shaping up for 2024.

Big news today!

The company I started 16 years ago @AltosResearch has been acquired by HW Media - the publishers of @HousingWire.

@ClaytonACollins has built a terrific operation, with great growth, and an exciting team. I’m lucky to get to join our efforts.


Load More


This message is only visible to admins.
Problem displaying Facebook posts. Backup cache in use.
Click to show error
Error: Error validating access token: The session has been invalidated because the user changed their password or Facebook has changed the session for security reasons. Type: OAuthException
Client Spotlight: Edge-on-Hudson is a 2021 award winning residential mixed used development located on the shores of the Hudson River in Sleepy Hollow, NY. The community offers a rivertown vibe, biking, hiking, parks and more. Come check out the river views under the Manhattan skyline! ... See MoreSee Less