What did
California Real Estate appreciate rate last year?
Where did California Real Estate stand on National Rankings of Appreciation?
What state had the Highest amount of
Home Loan defaults?
Where was the lowest amount of Home Loan defaults?
Where was the highest and lowest Foreclosure rates throughout the nation?
Read below for answers to these questions. Results may surprise you.
The next-lowest late-payment rate was in California (1 percent), followed by Virginia (1.3 percent). Everybody knows about California home costs and affordability problems. Plus, its 25.2 percent average appreciation rate last year ranked it fourth in the country. Virginia real estate is less expensive than in California and Hawaii but still well above the national average. And its 20.9 percent appreciation rate last year ranked it the eighth-fastest-inflating state.The highest rates of late payments, by contrast, turn out to be in states with relatively low housing costs, below-average appreciation rates and slow economic growth. Mississippi homeowners had the highest delinquency rate at mid-year (8.5 percent), followed by Louisiana (6.7 percent), Indiana (6.7 percent), Tennessee (6.3 percent), Texas (6.3 percent) and Ohio (6.1 percent). All of these states have moderate- to below-average housing costs and ranked among the slowest-appreciating markets in the country last year, according to federal statistical data.The lowest rates of foreclosure in the country? You guessed it. Just 0.17 percent of California home-loan borrowers faced that financial nightmare as of midyear.
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