How does Delaware rank in Foreclosures

Delaware provides many positive reasons for its residents to crow; not the least are lower taxes, lower cost-of-living and housing choices that speaks volumes. When you compare its real estate health against the Country it again shines. Maybe that's why so many are relocating here from the high tax states of the Mid-Atlantic and Northeast.

In 2007 Delaware recoded some 1441 foreclosures state-wide ,and is ranked 14th best(lowest) in the country as far as states with the lowest overall foreclosure rates. When you apply the fact that 3 out of 4 homes that are initially placed in foreclosure, don't actually complete the process, due to owner recovery, sale, etc. we can infer the numbers are actually even better.

In case you're wondering why, there are many possible reasons, but just look at unemployment; Delaware's unemployment rate (3.6% in December 2007) is significantly lower than the nation (5% for the same period).

More to come.....

This is the first of several posts to help put explore Delaware Real Estate in full perspective and why there is no better time to buy here