US real estate market saw record foreclosure highs in 2009, report shows

[Nicholas Wallwork]

The US property market saw record numbers of foreclosures last year with more than half*concentrated in just four states.

The nation's foreclosure crisis revolved around the hard hit bubble states of California,*Florida, Arizona and Illinois, figures from RealtyTrac show.

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[Nevada Rental Homes]

its a very good result as it got 21% jump from the 2008 fiscal year.

As it is thankful to property community to update these types of information's.

Thanks

 

[KofiLGS]

Hopefully in 2010 banks are more understanding of the market and realize that they need to dispose of the assets as quickly as they receive them, or else a surplus of REO sits on the market and makes the inventory saturated.

 

[jitendrasnv]

It is expected an increase of about 20% in the data from the last year to this.hope it would results good for the investors and the people belongs to real estate.

Thanks