Foreclosures up, Ranking High for Maryland - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Foreclosures up, Ranking High for Maryland

Posted: Updated:
(Photo: MGN) (Photo: MGN)

DOVER, Del. (WBOC) - Foreclosures numbers are up but that may not be a bad thing.

New nationwide numbers from Realty Trac show more foreclosure filings. And Maryland is near the top of that list. But realtors say it is actually good news.

Kimberly Rivera is a real estate agent with Keller Williams in Dover. She said the number of short sales have dropped dramatically, and new national numbers out about foreclosures are promising.

"Our numbers, locally, are down about 45 percent from last year," she said.

Rivera say the housing market is looking better.

"If you look back just a few months, the inventory was higher then; it's lower now and just in a few months we've seen a dramatic change."

More than 130,000 us properties with foreclosure filings were reported in July 2013. That's a 2 percent monthly increase but still 32 percent below the July 2012 level.

In Delaware, the numbers speak volumes. In 2010 there were more than 6,000 foreclosure filings. In 2012 there were a little more than 1,200. According to the Delaware State Housing Authority, there were 261 homes in Kent County in 2012, 92 in January alone. There were 285 filings in Sussex County, 96 in January.

Rivera says short sales are down at Keller Williams 35 percent from last year.

"The home sales have gone up about four percent and I think that that has to do with the fact that we have less inventory. If you look at our numbers last year, we had about 11 to 12 months of supply of real estate. We're down to about a 9 or 8, so it doesn't get much better than that."

Maryland has the second highest foreclosure rate in July. That's the highest foreclosure rate ranking for the state since Realty Trac began issuing its report in January 2005.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Delmar Police Warn of IRS Scam

    Delmar Police Warn of IRS Scam

    Thursday, April 24 2014 6:15 PM EDT2014-04-24 22:15:51 GMT
    Delmar Police are warning of a scam involving individuals claiming to be employees of the Internal Revenue Service and targeting people in Delmar.More
    Delmar Police are warning of a scam involving individuals claiming to be employees of the Internal Revenue Service and targeting people in Delmar. More
  • Fire Destroys Mid-Atlantic Family Practice in Lewes

    Fire Destroys Mid-Atlantic Family Practice in Lewes

    Thursday, April 24 2014 7:40 PM EDT2014-04-24 23:40:59 GMT
    Fire broke out at the Mid-Atlantic Family Practice office on Route 24 in Lewes this afternoon. Heavy black smoke was seen billowing from the building.More
    Fire broke out at the Mid-Atlantic Family Practice office on Route 24 in Lewes this afternoon. Heavy black smoke was seen billowing from the building.More
  • String of Motorcycle Thefts on Delmarva Alarm Bike Enthusiasts

    String of Motorcycle Thefts on Delmarva Alarm Bike Enthusiasts

    Thursday, April 24 2014 5:50 PM EDT2014-04-24 21:50:35 GMT
    Steve Ward's flyer of his stolen motorcycle. Steve Ward's flyer of his stolen motorcycle.
    This week there may be extra motorcyclists on some Delmarva roads. Many of them are riding through towns trying to get to Ocean City's spring rally happening all through out the week. But now some of those riders tell WBOC they are concerned because there have been a series of motorcycle thefts in the area recently.
    More
    This week there may be extra motorcyclists on some Delmarva roads. Many of them are riding through towns trying to get to Ocean City's spring rally happening all through out the week. But now some of those riders tell WBOC they are concerned because there have been a series of motorcycle thefts in the area recently.
    More
  • Most Popular StoriesMost Popular StoriesMore>>

  • Delmar Man Gets 75 Years for Murder

    Delmar Man Gets 75 Years for Murder

    Thursday, April 24 2014 12:07 PM EDT2014-04-24 16:07:17 GMT
    A Delmar man convicted of second-degree murder in connection with a fatal shooting that occurred last year was sentenced to 75 years in prison Thursday, according to the Wicomico County State's Attorney's Office.More
    A Delmar man convicted of second-degree murder in connection with a fatal shooting that occurred last year was sentenced to 75 years in prison Thursday, according to the Wicomico County State's Attorney's Office. More
  • Fire at Berlin Main Street Restaurant

    Fire at Berlin Main Street Restaurant

    Thursday, April 24 2014 1:05 PM EDT2014-04-24 17:05:28 GMT
    BERLIN, Md. – The manager of Siculi Rustic Italian Restaurant said a small fire started in the kitchen of the restaurant, which is located on Main Street.More
    The manager of Siculi Rustic Italian Restaurant on Main Street in Berlin says a small fire started in the kitchen late Thursday morning.More
  • Fire Destroys Mid-Atlantic Family Practice in Lewes

    Fire Destroys Mid-Atlantic Family Practice in Lewes

    Thursday, April 24 2014 7:40 PM EDT2014-04-24 23:40:59 GMT
    Fire broke out at the Mid-Atlantic Family Practice office on Route 24 in Lewes this afternoon. Heavy black smoke was seen billowing from the building.More
    Fire broke out at the Mid-Atlantic Family Practice office on Route 24 in Lewes this afternoon. Heavy black smoke was seen billowing from the building.More
Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service