Statistics Suggest a Less Than Stable Real Estate Market

NEW YORK, Aug. 17 /PRNewswire/ -- ForeclosureListings.com provides statistics
regarding the most recent foreclosure and real estate prices throughout the
United States. Just as the signals about the state of the economy seem to be
mixed, the fluctuations in the real estate market do not seem to follow a set
pattern either.

The foreclosure rates increased in four major markets: California (less than
1% increase), Florida (4.3% increase), Texas (6.3% increase), and Colorado
(over 20%). However, other states saw the number of foreclosures drop,
including Georgia (less than 1% decrease), Arizona (nearly 9% decrease), and
Michigan (less than 1% decrease).

Individual cities also saw a mixture of increased and decreased rates of
foreclosure. Both Phoenix and Georgia saw their foreclosure rates drop by 8 to
9%. The Detroit foreclosure rates also dropped by more than 2%. Other cities
saw continued increases in foreclosures: Chicago (12.5%), Memphis (almost 5%),
and Miami (less than 1%).

Although the foreclosure rates are fluctuating in many parts of the country,
most of the big real estate markets have seen increases in the property prices
recently. Although most of these increases have been modest, they are a
positive sign after many consecutive months of falling prices. In California,
Florida, and Georgia, the average property prices increased by less than 1% to
$344,892, $222,765, and $134,210, respectively. In Michigan, however, the
average price jumped by more than 3% to $90,208. Not all states saw an
increase in these prices. Texas saw a 12% decrease in the average price; it
dropped to $109,882.

Overall, real estate investors looking for bargains can still focus on a
number of the big markets even those which are showing slightly higher prices
and decreases in foreclosure rates.

More information: http://www.ForeclosureListings.com.

*(LOGO 72dpi: Send2Press.com/mediaboom/09-0612-FClistings_72dpi.jpg)

This release was issued on behalf of the above organization by Send2Press(R),
a unit of Neotrope(R). http://www.Send2Press.com

SOURCE ForeclosureListings.com

Kevin Simpson of ForeclosureListings.com, +1-718-732-2676,
support@foreclosurelistings.com