Foreclosures Slow Considerably in 2018


Foreclosures Slow Considerably in 2018
By Scott Rogers • November 12, 2018
Fewer and fewer homeowners are finding themselves in a situation where they are being foreclosed on in Harrisonburg and Rockingham County. The data above reflects the number of completed foreclosure sales in the first ten months of the year for each of the past four years as well as the current year. The number of foreclosures (in the first 10 months of the year) has fallen 35% over the past year -- and an astonishing 52% from where we were four years ago. This is likely a result of rising home values, leaving fewer homeowners in a situation where they cannot sell their home if they are no longer able to make their mortgage payments. Receive Updates by Email Recent Articles: Buyer Demand Exceeds Supply In Varying Degrees By Price Range Pending Home Sales Data Points To Slower Months Of Home Sales Ahead Detached Resale Home Sales Decline 39% In Two Years, Down To... Pre Covid Norm What A Great Time To Sell Your Million Dollar Home Home Buyers Who Bought Homes Two Years Ago Thought They Were Paying Crazy High Prices For Their Homes How Likely Is It That We Will Find A House That Fits You Better Than This One In The Next 90 Days? Fewer Home Sellers, Thus Fewer Home Buyers, But Ever Higher Sales Prices In Early 2023 First Look At February 2023 Home Sales Valley View Village, To Include 420 Apartments, Proposed For Reservoir Street Balancing Optimism, Pessimism And Realism When Thinking About An Almost Perfect House
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Mar 22, 2023 (unless otherwise noted).
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