Number of Indiana Foreclosures Finally drops
January 17th, 2008 by 
admin
For some time now, Indiana has been one of the states at the forefront of the foreclosure epidemic that has been sweeping the nation, but now it seems that Indiana foreclosures may finally be on the way back down. As of December 2007, the total number of Indiana foreclosure homes was down 8% from the same time during December of 2006. This drop, while only in the single digits, is quite remarkable, considering that the national foreclosure index increased greatly during 2007. Some reports have the national foreclosed houses inventory increasing by nearly 90%.
Other states saw their inventories of foreclosed homes increase by 50%, so the fact that Indiana, which several years ago was one of the first states to feel the heaviest effects of the foreclosure real estate surge, is now actually rebounding is very significant.
However, despite the recent drop, Indiana still remains among the top 10 states with the highest levels of foreclosed properties in the nation. But with the recent statistics showing that Indiana foreclosure real estate seems to be bucking the national trend, investors interested in buying Indianapolis foreclosures, Fort Wayne foreclosures or South Bend foreclosures, now is the time. Properties in these locations will always have value for those interested in Indiana real estate, and since buying foreclosure homes offers the chance for discounted purchase, buying up the surplus inventory now for extra low prices could lead to big profits on future sales.
Other real estate foreclosures worth looking into are Gary foreclosure homes and Anderson foreclosures. Properties in these areas, as well as other urban areas can be bought for especially low prices right now, and offer great potential for future value.
Related Posts:
- Growing Number of Indiana Foreclosure Homes Means More Investment Opportunities
- Washington D.C. Foreclosure Rate Spikes in First Month of 2008
- Michigan Experiences Drop in Real Estate Foreclosures During January
- Indianapolis Foreclosed Homes Could Offer Best Investment Potential of Any City
- New York Foreclosures Increasing Rapidly, Experts Predict More to Come
Posted in Foreclosures, Indiana | 
4 Comments »
February 14th, 2008 at 6:54 pm
[...] Number of Indiana Foreclosures Finally drops For some time now, Indiana has been one of the states at the forefront of the foreclosure epidemic that has been sweeping the nation, but now it seems that Indiana foreclosures may finally be on the way back down. As of December 2007, the total number of Indiana foreclosure homes was down 8% from the same time during December of 2006. This drop, while only in the single digits, is quite remarkable, considering that the national foreclosure index increased greatly during 2007. Some reports have the national foreclosed houses inventory increasing by nearly 90%. [...]
February 18th, 2008 at 7:01 am
[...] Number of Indiana Foreclosures Finally drops For some time now, Indiana has been one of the states at the forefront of the foreclosure epidemic that has been sweeping the nation, but now it seems that Indiana foreclosures may finally be on the way back down. As of December 2007, the total number of Indiana foreclosure homes was down 8% from the same time during December of 2006. This drop, while only in the single digits, is quite remarkable, considering that the national foreclosure index increased greatly during 2007. Some reports have the national foreclosed houses inventory increasing by nearly 90%. [...]
February 19th, 2008 at 2:00 pm
[...] Number of Indiana Foreclosures Finally drops For some time now, Indiana has been one of the states at the forefront of the foreclosure epidemic that has been sweeping the nation, but now it seems that Indiana foreclosures may finally be on the way back down. As of December 2007, the total number of Indiana foreclosure homes was down 8% from the same time during December of 2006. This drop, while only in the single digits, is quite remarkable, considering that the national foreclosure index increased greatly during 2007. Some reports have the national foreclosed houses inventory increasing by nearly 90%. [...]
February 20th, 2008 at 4:03 pm
[...] Number of Indiana Foreclosures Finally drops For some time now, Indiana has been one of the states at the forefront of the foreclosure epidemic that has been sweeping the nation, but now it seems that Indiana foreclosures may finally be on the way back down. As of December 2007, the total number of Indiana foreclosure homes was down 8% from the same time during December of 2006. This drop, while only in the single digits, is quite remarkable, considering that the national foreclosure index increased greatly during 2007. Some reports have the national foreclosed houses inventory increasing by nearly 90%. [...]