Even though California has suffered its share of real estate trauma, when looked at as a whole, Los Angeles’ foreclosure numbers certainly don’t suggest that the patient is in critical condition. Although the country as a whole is breathing a collective sigh of relief about foreclosures, they’ll never completely go away. What those numbers suggest is what’s critical. In new numbers calculated by RealtyTrac, the LA MSA - which consists of Los Angeles, Long Beach and Anaheim - ranked 95th in the nation for foreclosures. They compute that number by dividing the total number of housing units in an area by the number of foreclosures. But that’s only for metros with a population of 200,000 or better. In Los Angeles and Orange counties combined, the county-level way of expressing what makes up the metro, there were 3,260 homes at some point in the foreclosure process in January 2016. RealtyTrac computes a foreclosure rate by dividing the foreclosures by the housing units in a...
- In new numbers calculated by RealtyTrac, the LA MSA ranked 95th in the nation for foreclosures.
- In LA and Orange counties combined, there were 3,260 homes at some point in the foreclosure process in January 2016.
- The foreclosure rate edged up a bit in December, and then was better year-over -year for January.