NC Foreclosures Down 50% in February (Maggie Valley, NC)

It is important to keep our eyes focused on the light at the end of the tunnel. Interpreting the news that we receive daily requires some filters. And I am hearing indicators that are beneficial to North Carolina. For instance...

While the rest of the country is reeling from an unexpected rise in foreclosure filings, the number of foreclosures in North Carolina fell 49.7 percent in February, according to data from RealtyTrac Inc..

The state had 2,039 foreclosures in February, with one in every 2,023 homeowners receiving a default notice, auction-sale notice or bank-repossession filing.

Foreclosure filings in North Carolina fell 14.5 percent in February from January.

Across the country, foreclosure filings rose nearly 30 percent last month from February 2008. There were 290,631 foreclosure filings, which affected one in every 440 U.S. households. Nevada, Arizona and California posted the top foreclosure rates in the country last year.

Source: North Carolina Realtor Report:from Charlotte Observer (link Below for full article).
http://www.bizjournals.com/charlotte/stories/2009/03/09/daily36.html