Foreclosures Up 7 Percent In August

Dated: 09/17/2014

Views: 1113

Six years later, the effects of the housing bust are still being felt. RealtyTrac reports foreclosure filings in August were up 7% from the previous month. While down 9% from a year ago, it is the smallest monthly year-over-year decline in the last 47 consecutive months. Filings include default notices, scheduled auctions and bank repossessions.

Main Street's Hal M Bundrick presents the case that this is not the sign of a new housing bubble burst, but merely the continuation of cleaning up the last one.  
Blog author image

Gavin McCaleb

Gavin has lived in Boise for over 20 years. In 2003 he got his start in real estate as an investor and since then he has personally bought and sold over 100 houses. He got licensed in 2009 and is now....

Want to Advertise on this Site?

Latest Blog Posts

5 Cool Neighborhoods That Might Be Perfect For You

Sky Mesa, Meridian   Some homesites nestle to a hillside, so open windows to private back yards creates stunning interiors. A quick 10 minute drive to The Village shopping center,

Read More

Top 10 Design Trends Not Mid Century For Idaho

Once upon a time, I worked in the building materials industry when modern design first started making a come back. A tile company had done extensive studies and reported that only 10% of the

Read More

6780 S Zeus Way Spacious Updated Home With A Great View MLS 98677496

6780 S Zeus Way Spacious, Updated Home with a Great View! MLS 98677496  Looking for a spacious home with a great view? This home has been recently updated with new carpet and interior

Read More

Build Your Dream Home On This Little Slice Of Heaven 5313 N Willean Ln MLS 98656400

Build your dream home on this little slice of Heaven! 5313 N Willean LnMLS 98656400You’re going to want to build your dream home on this little slice of Heaven!  This is the perfect

Read More