BB2: I thought we used to be #8... Hmmm...
From bakersfield.com:
A year-end foreclosure report released Thursday pegged Bakersfield — including all of Kern County — as having the fourth-highest level of foreclosure filings in the nation during 2008.
It’s a spot we’ve held fairly consistently in monthly reports from Irvine-based RealtyTrac, an online specialist in foreclosed properties.
The No. 1 spot went to Stockton, followed by Las Vegas and Riverside/San Bernardino. Phoenix rounded out the top 5.
RealtyTrac counted more than 2.3 million affected properties nationwide last year, an 81 percent increase from 2007 and a 225 percent jump from 2006. Foreclosure-related filings include defaults, auction notices and repossessions.
In Kern, some 16,208 properties were impacted in 2008.
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2 comments:
The excess vacant finished lots need to be dealt with as well. The supply of houses and land is years ahead of demand right now.
Years? You really think so? I've driven around town in the NW and found neighborhoods in development- kinda weird. I went into one area where there were some homes and you go up to the next street the block wall was in place, the street was paved, and NOTHING else. Almost eerie.
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