http://batonrougehousingreports.com/ – Realtytrac Full Year 2011 Data Reveals Good News For Baton Rouge Louisiana Real Estate Housing.
RealtyTrac has released full year 2011 data on foreclosures showing 68% of total foreclosures took place in 10 states. Their report is here: 2011 Year-End Foreclosure Report: Foreclosures on the Retreat . The summary is, “Average Days to Foreclose Up to 348 Nationwide; Over 800 Days in NY, NJ and FL. Annual Activity Down in 45 States; Nevada, Arizona, California Post Highest Rates.“
Source for this Chart is RealtyTrac
THIS IS THE MOST RECENT REALTYTRAC VIDEO FROM 07/13/2011
GOOD NEWS. Good News is that Louisiana ranks low nationwide for foreclosures. Good news in 2012 is that nationally, foreclosures were down 34% and per RealtyTrac, “a decrease of 34 percent in total properties from 2010. Foreclosure activity in 2011 was 33 percent below the 2009 total and 19 percent below the 2008 total.” “The report also shows that 1.45 percent of U.S. housing units (one in 69) had at least one foreclosure filing during the year, down from 2.23 percent in 2010, 2.21 percent in 2009, and 1.84 percent in 2008.“
ROBOSIGNING AND LITIGATION CLOG PIPELINE RESULTS IN ARTIFICIALLY LOW NUMBERS. It appears from reading this report that robo-signing fiasco and litigation and holding up some foreclosures and drastically increasing the days it takes to foreclose. Foreclosure proceedings are much more swift in Texas and the West than in the Northest. In Texas, it takes an average 90 days to foreclose and in Louisiana 134.
BATON ROUGE. There’s no data on Baton Rouge housing itself other than that it takes 134 days for foreclosures to take place and that 1 in every 1,331 homes were filing foreclosure in December 2011.