Markets & Economy

Los Angeles foreclosures nothing to fret about

LA is 95th in the nation for foreclosures, according to RealtyTrac
Published on Mar 4, 2016
  • 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.

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by CareyBot

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. ...

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