Foreclosure data for California’s 3rd Quarter

DataQuick News recently released an article about the state of California’s foreclosure proceedings.  It’s pretty detailed and full of tiny statistics, so we’ll break it down for you right here:

  • though the number of foreclosure proceedings initiated rose overall, the number of foreclosures that actually went through (owners evicted, papers signed, etc) has dropped a bit
  • the most foreclosures occurred in areas where real estate is most affordable –  in particular Sutter, Merced, and Madera counties.
  • foreclosures were least common in high-income counties like Marin, San Mateo, and San Francisco
  • less expensive homes make up only 25% of California’s real estate supply, but they made up 40% of California’s foreclosures.

If you want more of the finer facts and figures, you can read the full article here.  Enjoy.

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