Cincinnati Real Estate » foreclosure rates http://www.cincinnatilivingonline.com Specializing in representing buyers and sellers of Cincinnati real estate, corporate relocation, and first time home buyers Sun, 12 Feb 2012 04:38:09 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Cincinnati Real Estate: National Foreclosures hit 1.9 million in first half of 2009http://www.cincinnatilivingonline.com/2009/08/cincinnati-real-estate-national-foreclosures-hit-1-9-million-in-first-half-of-2009.html http://www.cincinnatilivingonline.com/2009/08/cincinnati-real-estate-national-foreclosures-hit-1-9-million-in-first-half-of-2009.html#comments Thu, 06 Aug 2009 12:48:36 +0000 Alison Moss http://www.cincinnatilivingonline.com/?p=730 It is a fact that there were 1,905,723 foreclosure filings – default notices, auction sale notices and bank repossessions in the first six months of 2009. That represents an increase of 9% from the previous six months (July – December … Continue reading →]]> It is a fact that there were 1,905,723 foreclosure filings – default notices, auction sale notices and bank repossessions in the first six months of 2009. That represents an increase of 9% from the previous six months (July – December 2008) and 15% increase over the first 6 months (January – June) of 2008 according to reporting service RSI media.

Sadly a portion of the foreclosures appearing in recent months are due to the overall economic slowdown and subsequent job loss being experienced in almost every industry. Small local companies cut back staff as the economy slowed and those staff, unable to find new positions, found themselves unable to pay their previously affordable mortgage. he 10 states with the highest foreclosure rates were Nevada, Arizona, Florida, California , Utah, Georgia, Michigan, Illinois, Idaho and Colorado. While the Cincinnati real estate market has seen price and sales volume declines, this is top 10 list I am glad Ohio is not on.

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