South Carolina’s foreclosure activity is improving, with 2,697 foreclosures filed in July—a 32.4% drop from one year ago. Per the Greenville News in S. Carolina:

July marked the fourth consecutive month that the Greenville-Mauldin-Easley metro area has experienced year-over-year decreases in foreclosures, according to Daren Blomquist, vice -president at RealtyTrac, an online marketplace for housing data.

Rising home prices, a low unemployment rate, a decline in the percentage of homeowners underwater, and an increase in home sales made by institutional investors and cash purchases all helped the Greenville area rank No. 11 — and Spartanburg No. 19 — among RealtyTrac’s first list of top 20 U.S. markets leading the housing recovery.

Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

Congressional vote on “de facto QM Patch” postponed

The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.

Nov 15, 2019 By