La Crescenta Foreclosure Filings

La Crescenta real estate takes a small hit but all local regions prosper

According to a recent report from Glendale News Press, La Crescenta continued to lead the local area of Glendale, Burbank, and La Canada Flintridge in foreclosure filings, even though figures in February improved substantially more than those of the state and the nation, dropping close to 14%.

As of February, Glendale, Burbank, La Canada Flintridge, and La Crescenta experienced a total of 357 notices of default, foreclosure sales or bank repossession, and auction sales.  This study was conducted by RealtyTrac, a real estate tracking firm.

The same source also calculated 417 filings in the month of January, which resulted in a 2% decrease in foreclosure filings nationally and about 5% in California between January and February.

While statistical numbers conclude peaks of improvement, regional foreclosures remain above compared to last year figures.  Based on February 2009 reports, local foreclosure filings were up 6%, while statewide figures was down 15%.

Signs may be pointing towards another downfall in the real estate market, but cities such as Glendale, Burbank, La Crescenta, and La Canada Flintridge are too powerful and rich to loose their value.  For those who plan on buying a property in Los Angeles, should consider the local regions of Glendale, Burbank, La Crescenta, and La Canada Flintridge.  We don’t anticipate real estate home prices to stay they way they are and we do recommend home buyers to contact our offices for more information.

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