Follow Me On:

Subscribe to YOU Magazine and other timely market alerts from Jason Hagen.

		Jason Hagen President MSI Lending of Lexington Phone: (859)253-5363 Fax: (859)252-0929 License: 6151 jhagen@msilending.com https://www.msilending.com/jasonhagen/get-a-quote

October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019		Foreclosures Decline The good news is that foreclosure rates, as of July 2019, are down 21% from a year ago, which is a remarkable development. Similarly, bank repossessions (nationally) are down nearly 42% from the same time last year, which follows consecutive months of year-over-year decreases. What's interesting about these numbers is that the states with the highest and those with the lowest rates of foreclosure and repossessions are not the usual suspects. The states that had the worst foreclosure rates were New Jersey, with one in every 1,173 housing units; Delaware, with one in every 1,484 units; Florida, with one in every 1,391 units; Illinois, with one in every 1,484 units; and Maryland, with one in every 1,691 housing units. The metropolises hit hardest were Atlantic City (New Jersey) and the Floridian cities of Deltona-Daytona Beach and Jacksonville. It appears that many of the northern states -- such as North Dakota, Montana, and Idaho -- show extremely low foreclosure rates. For instance, in North Dakota, only one in every 13,358 housing units foreclosed compared to New Jersey's rate of one in every 1,173 units. Perhaps rates are low in these states because home and property owners there didn't take out risky loans that increased the mortgage payment when the rates were adjusted. Hopefully, the decline in foreclosures overall, as well as low foreclosure rates in many states, indicates a healthy economy moving into 2020 and the next decade. Source: RealtyTrac If you or anyone you know has questions about home loan rates or products, please reach out. I'm always happy to help. Enjoy this month's issue of YOU Magazine.

Department of Public Protection * Office of Financial Institutions * MB83514, NMLS 916451 You are receiving a complimentary subscription to YOU Magazine as a result of your ongoing business relationship with Jason Hagen. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials. INVITE A FRIEND to receive YOU Magazine. Please feel free to invite your friends and colleagues to subscribe. SUBSCRIBE to YOU Magazine. If you received this message from a friend, you can subscribe online. UNSUBSCRIBE: If you would like to stop receiving emails from Jason Hagen, you can easily unsubscribe.

MSI Lending of Lexington 2700 Old Rosebud Road, Suite 310 Lexington, KY 40509

Powered by Platinum Marketing © Copyright 2024. Vantage Production, LLC.