Fresno Bee Newsroom Blog

Real Estate: Foreclosure activity down in Fresno

Foreclosure activity in the Fresno metropolitan area fell in 2012, according to a year-end report from RealtyTrac, a foreclosure listing service.

But Fresno still remains among the top 25 cities nationwide with the highest foreclosure rates.

Last year, one in every 38 houses in Fresno received a foreclosure filing. That’s a foreclosure rate of 2.63% which ranks Fresno at No. 24.

But the good news is Fresno saw nearly 30% fewer foreclosures in 2012 than 2011, the report said.

Four other California cities top the list. Stockton comes in first with a foreclosure rate of 3.98% where one in every 25 houses received a foreclosure notice.

Riverside is No. 2 with a 3.86% foreclosure rate where one in 26 houses received a notice. The foreclosure rates in Modesto and Vallejo were 3.82% and 3.73%, respectively.

To read the report, visit the 2012 Year-End Metropolitan Foreclosure Market Report.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>