Sioux Falls Real Estate Blog

Foreclosures Decrease 34 Percent in 2011

RISMEDIA, Friday, January 13, 2012— Total U.S. foreclosure activity and the U.S. foreclosure rate in 2011 were both at their lowest annual level since 2007, according to RealtyTrac®, an online marketplace for foreclosure properties. The company recently released its Year-End 2011 U.S. Foreclosure Market Report™, which shows a total of 2,698,967 foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 1,887,777 U.S. properties in 2011, a decrease of 34 percent in total properties from 2010. Foreclosure activity in 2011 was 33 percent below the 2009 total and 19 percent below the 2008 total.

Want to know more? Read the complete article at: RIS-Media National Foreclosure Update

Foreclosure rates and market conditions are unique to each city and every part of the country. Contact us for up-to-the-minute information on what's happening in the Sioux Falls area:

Pam Kneip, HJN Team Real Estate - Sioux Falls, SD 605-728-9299

pam@gregkneip.com

gregkneip.com