Maricopa County (AZ) sees over 7,500 foreclosures in August of 2009
Mt. Pleasant, PA (PRWEB) September 25, 2009 -- Default Research (Default Research Inc (http://www.defaultresearch.com/l)), a premier provider of pre foreclosure listings, is reporting pre foreclosures on average decreased 15 percent from July 2009 to August 2009.
Cook County, Illinois, which encompasses the city of Chicago, saw foreclosure lawsuits drop by 30 percent, while Miami-Dade County, Florida, had less than a 1 percent decline in pre foreclosures (http://www.defaultresearch.com) over the past month. Los Angeles County, the nation's largest county, has seen pre foreclosure drop 17 percent from July 2009 and 37 percent from August 2008. Additionally, in California the number of Notice of Trustee Sales dropped while new Notices of Default makeup nearly 85 percent of Default Research's pre foreclosure listings for that state. For more detailed regional area pre foreclosure statistics listed by county, please visit foreclosure statistics (http://market.defaultresearch.com) .
Counties Monthly Change Yearly Change % of households
Los Angeles, CA -17.83% -37.05% -3.10%
Cook, IL -31.06% NA NA
Maricopa, AZ 2.44% -10.47% 4.62%
Orange, CA -16.00% -50.40% 3.19%
San Diego, CA -15.58% -56.52% 4.33%
Miami-Dade, FL -0.27% -23.46% 4.58%
Riverside, CA -40.99% -52.28% 9.02%
San Bernardino, CA -9.86% -50.55% 7.64%
Los Angeles, CA -17.83% -37.05% -3.10%
Cook, IL -31.06% NA NA
Maricopa, AZ 2.44% -10.47% 4.62%
Orange, CA -16.00% -50.40% 3.19%
San Diego, CA -15.58% -56.52% 4.33%
Miami-Dade, FL -0.27% -23.46% 4.58%
Riverside, CA -40.99% -52.28% 9.02%
San Bernardino, CA -9.86% -50.55% 7.64%
"Confidence in the real estate markets is continuing to increase and inventories are continuing to decline in nearly all major metro regions" said Serdar Bankaci, founder of Default Research. "Although median prices have not begun their rise, our projections show they will begin to increase before the year is out."
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