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• Knoxville Knocked By Over 47 Percent Increase In Foreclosures - II

  A study report issued by CBER in 2007 indicated that Knoxville has not been greatly affected by the subprime mortgage crisis as compared to many other metro areas in the country. The default rate was almost 3 to 4 percent higher in Tennessee than the country’s default rate. While the state showed a default rate of 18 percent, Knoxville showed ... (read more)

• Knox Knocked By Over 47 Percent Increase In Foreclosures - I

  Imagine losing your house on Valentine’s Day! Well, John Tubbs could have lost his in Knoxville. However, there is some silver lining as his home has not come under the auctioneer’s guillotine at the court house. Many more residents like Tubbs in Knoxville have been deeply affected by the foreclosure crisis which is showing no signs of slowing down. Though the ... (read more)

• Housing Market Continues To Be Hurt By Increasing Foreclosures

  An increasing number of home sales are attributed to foreclosures, more so in areas that are affected the most in this real estate crisis. According to data from the Associated Press, comparison of 2007 foreclosure data shows that there is more pressure for dipping house prices not only in areas of Colorado, Michigan, Nevada and Tennessee but also in Arizona, ... (read more)

• Negative Impact Of Foreclosure On Housing Market

  The volume of home sales has grown due to the rise in the volume of foreclosures. Almost 50 percent of home sales in parts of the state of California are from houses that have been foreclosed. According to the data given out by an Associated Press comparison of the sales of 2007, this phenomenon is seen mostly in Colorado, ... (read more)

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