Foreclosures Continue to Decline in 2015

After peaking in 2010 at 270 completed foreclosure sales in Harrisonburg and Rockingham County, we have seen declines in nearly every year since then -- down to a total of only 163 foreclosure sales last year -- and a projected 154 this year.

This decline in the number of foreclosed homes (and thus decline in the number of sales of banked owned homes, potentially at lower-than-market-value) is helping to continue to stabilize our local real estate market -- and it means fewer people are losing their homes due to their inability to make their mortgage payments.

Good news on both fronts!