Good news, foreclosures in central Ohio fell drastically in 2013. In the eight county central Ohio region (Franklin, Delaware, Licking, Union, Fairfield, Pickaway, Madison and Knox counties) foreclosures are nearly 15% less than the previous year. Statewide foreclosures dropped 12 percent to the lowest level since 2006.
Columbus Dispatch Newspaper: http://www.dispatch.com/content/stories/business/2014/01/16/foreclosures-fall.html
Low foreclosure rates is great news. But, overall inventory levels are now really low. It looks like the upcoming Spring and Summer season will be a real estate market that will favor Sellers and not Buyers.
HomeBuyer Advocate Mike
My Buyer Broker Advocate! 
2 comments
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October 21, 2014 at 4:13 pm
m.s.Woods
Hi Mike, just wondering whether the trend toward fewer foreclosures you cited earlier this year has continued into the fall, now that many foreclosures that had previously been tied up in legal proceedings have started to hit the market in many areas of the country. –Mike Woods
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