Sacramento County foreclosure sales have fallen almost 90 percent from their peak four years ago.Last month, about 150 foreclosed homes sold in Sacramento County, accounting for 10 percent of home sales in the area, according to the Sacrame

Is the Sacramento foreclosure crisis finally over

Written by:
Madeline Schnapp
Written on:
May 13, 2013
Category:

Sacramento County foreclosure sales have fallen almost 90 percent from their peak four years ago.

Last month, about 150 foreclosed homes sold in Sacramento County, accounting for 10 percent of home sales in the area, according to the Sacramento Association of Realtors. By comparison, in March 2009, about 1,200 foreclosed homes sold, accounting for 70 percent of sales.

Some of the downward trend in foreclosure sales is due to investor buying homes at auction.  But foreclosure filings have also plummeted, and just 2509 homes were repossessed by banks or sold at auction last month, down more than 50 percent from March 2012, according to tracking firm ForeclosureRadar.

Written by:
Madeline Schnapp
Written on:
May 13, 2013
Category: