How have foreclosures hit our zip? There are precisely 1,105 housing units that are in pre/foreclosure status, including 519 that are currently owned by banks.
This morning, I was listening to a radio report about subprime foreclosures which are equally hitting urban, suburban and rural reaches throughout America. Of course, I needed to find out and share how we’re doing locally.
The chart shows distressed counts reported by realtytrac, including pre-foreclosures, auctions, bank-owned properties, for sale by owners, and resale homes. These counts are divided by total housing units, as reported in the 2000 census. Finally these rates are compared in the last column.
On a proportionate basis, our zip seems to be hit twice as hard as Oakland or Alameda County. At first this result surprised me, but it can be tough to meet the larger monthly payments around here.
What are you hearing around the Village?