Drop in Foreclosure Filings

by | Housing Market

foreclosure filings Port St LucieForeclosure Filings Drops  

 The foreclosure rate dropped to approximately 18% in 2014 compared to the total number of the foreclosure homes in 2013 and also down 61% from the peak of foreclosure filings in 2010.  The  foreclosure rates have been on a steady decline for the past few years.  The slowdown in the foreclosure filings along with the increase in the number of sold homes is great news for the construction industry.  During the past four years, this sector has not been able to compete with the massive umber of lower-priced foreclosed homes that made the construction of new homes economically unfeasible.
Reducing the number of foreclosure properties from the inventory will help to kickstart the construction of new homes.  This in turn, will have a great effect in the creation of more jobs and stimulating the US economy.  As predicted in our recent articles the new home construction should end the slump by the end of 2011 and begin the new era for the construction industry in 2012.
For all these reasons, we have jump-started our efforts in resuming our services of pre-construction investment to offer unparalleled opportunities to the developers and pre-construction investors and home buyers.

The month of July 2010 was the 10th straight month that the foreclosure filings dropped to the lowest level since November 2007.  According to CNN Money, July filings fell by 35% compared to the same month in 2009.  The slowdown in the foreclosure filings along with the increase in the number of sold homes is great news for the construction industry.  During the past four years, this sector has not been able to compete with the massive umber of lower-priced foreclosed homes that made the construction of new homes economically unfeasible.

Reducing the number of foreclosure properties from the inventory will help to kickstart the construction of new homes.  This in turn, will have a great effect in the creation of more jobs and stimulating the US economy.  As predicted in our recent articles the new home construction should end the slump by the end of 2011 and begin the new era for the construction industry in 2012.

For all these reasons, we have jump-started our efforts in resuming our services of pre-construction investment to offer unparalleled opportunities to the developers and pre-construction home purchasers.

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