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The map below shows the percentage of foreclosure inventory in each of the 50 states and Washington, D.C. Thirty-six states have inventory below the national rate of 1.4% and can be seen in two shades of green. Tennessee is only .06%.
According to the latest CoreLogic National Foreclosure Report, “approximately 552,000 homes in the US were in some state of foreclosure as of December 2014”. This figure is down 34.3% from the 840,000 homes in December of 2013. December marked the 38th consecutive month in which there were year-over-year declines.
Bottom Line
Even though some states have not recovered completely from the foreclosure crisis, the nation as a whole is on the right track as inventory decreases.
KATHRYN
LOVELL
RE/MAX Preferred Properties
Sevierville, TN
I am a licensed Broker.I specialize in representing my clients in the purchase and sale of single-family residences,lots and land, cabins, and investment property within Sevier County. I am a Louisiana native,born and raised in New Orleans.
Office-865-392-5885 Cell- 865-740-4877
Send me an Email
RE/MAX Preferred Properties 953 Dolly Parton Parkway Sevierville, TN 37862 Office 865-392-5885 Cell 865-740-4877 Each Office Independently owned and operated Licensed in the state of Tennessee
ll information deemed reliable but not guaranteed. The opinions expressed in this article are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed in this article as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Steve Harney, Inc. does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involved some degree of risk
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