Foreclosures Up 7 Percent In August

Dated: 09/17/2014

Views: 1120

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.  
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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....

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