top five foreclosure states in october 2013
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#5) Illinois Foreclosures
#5) Illinois Foreclosures
In October 2013 the number of foreclosures in the state of Illinois dropped by 36% from previous year. The volume of home sales dropped by 17% from previous month. For the homebuyer outlook, the average sales price of foreclosed properties was $102,250, which is 45% lower than non-distressed homes on the market.
Additional Statistics and Compensating Factors:
● Total Population: 12,745,359● Median Household Income: $55,735● Unemployment Rate: 9.8%● % of Vacant Properties: 9.45%● # of Underwater Mortgages: 20% of 2,214,000 properties
Data Provided By: RealtyTrac.com
#4) Ohio Foreclosures
#4) Ohio Foreclosures
In October 2013 the number of foreclosures in the state of Ohio dropped by 34% from previous year. The volume of home sales dropped by 17% from previous month. For the homebuyer outlook, the average sales price of foreclosed properties was $50,000, which is 59% lower than non-distressed homes on the market.
Additional Statistics and Compensating Factors:
● Total Population: 11,512,431● Median Household Income: $47,358● Unemployment Rate: 7.50%● % of Vacant Properties: 10.87%● # of Underwater Mortgages: 18.8% of 2,139,000 properties
Data Provided By: RealtyTrac.com
#3) Maryland Foreclosures
#3) Maryland Foreclosures
In October 2013 the number of foreclosures in the state of Maryland rose by 201% from previous year. The volume of home sales dropped by 15% from previous month. For the homebuyer outlook, the average sales price of foreclosed properties was $160,000, which is 38% lower than non-distressed homes on the market.
Additional Statistics and Compensating Factors:
● Total Population: 5,696,423● Median Household Income: $170,647● Unemployment Rate: 7.50%● % of Vacant Properties: 9.93%● # of Underwater Mortgages: 17.3% of 1,361,000 properties
Data Provided By: RealtyTrac.com
#2) Nevada Foreclosures
#2) Nevada Foreclosures
In October 2013 the number of foreclosures in the state of Nevada dropped by 15% from previous year. The volume of home sales rose by 14% from previous month. For the homebuyer outlook, the average sales price of foreclosed properties was $140,000, which is 16% lower than non-distressed homes on the market.
Additional Statistics and Compensating Factors:
● Total Population: 2,633,331● Median Household Income: $55,726● Unemployment Rate: 9.90%● % of Vacant Properties: 14.11%● # of Underwater Mortgages: 36.4% of 542,000 properties
Data Provided By: RealtyTrac.com
#1) Florida Foreclosures
#1) Florida Foreclosures
In October 2013 the number of foreclosures in the state of Florida dropped by 6% from previous year. The volume of home sales dropped by 12% from previous month. For the homebuyer outlook, the average sales price of foreclosed properties was $96,000, which is 35% lower than non-distressed homes on the market.
Additional Statistics and Compensating Factors:
● Total Population: 18,511,620● Median Household Income: $47,661● Unemployment Rate: 7.40%● % of Vacant Properties: 19.30%● # of Underwater Mortgages: 31.5% of 4,125,000 properties
Data Provided By: RealtyTrac.com