The rate of foreclosures are on the rise. Nevada has the highest percentage with one foreclosure filing for every 61 households. The amount of Las Vegas foreclosures is incredible. The Las Vegas real estate market was one of the strongest a few years ago with some of the largest appreciation the nation saw. No it looks like it is making a major correction.
California and Florida were the other two top states with the amount of filings. While San Diego foreclosures did not lead California, it was among the top big cities to get hammered with the amount of filings. Other top California cities that have allot of foreclosure filings are Los Angeles, Santa Ana, Chula Vista, Anaheim and Riverside. There is a Florida foreclosure filing for every 95 households. Big cities like Miami, Orlando and Jacksonville continue to increase monthly. Inspite of all these situations real estate investments is the safest investment.
It looks like there will be some great buying opportunities in the future across the country. The big questions is when to jump in the market. People should make full use of the opportunity when the property values are low.
Tags: Real Estate Investments
