Skip to content
CapRadio

CapRadio

signal status listen live donate
listen live donate signal status
listen live donate signal status
  • News
    • beats
    • State Government
    • Environment
    • Health Care
    • Business
    • Arts and Lifestyle
    • Food and Sustainability
    • PolitiFact California
    • California Dream
    • Videos
    • Photos
  • Music
    • genres
    • Classical
    • Jazz
    • Roots
    • Eclectic
    • Videos
    • Daily Playlist
  • Programs + Podcasts
    • news
    • Morning Edition
    • All Things Considered
    • Marketplace
    • Insight
    • The View From Here
    • music
    • Acid Jazz
    • At the Opera
    • Classical Music
    • Connections
    • Excellence in Jazz
    • Hey, Listen!
    • Insight Music
    • K-ZAP on CapRadio
    • Mick Martin's Blues Party
    • Programs A-Z
    • Podcast Directory
  • Schedules
    • News
    • Music
    • ClassicalStream
    • JazzStream
    • Weekly Schedule
    • Daily Playlist
  • Community
    • Events Calendar
    • CapRadio Garden
    • CapRadio Reads
    • CapRadio Travels
    • Ticket Giveaways
  • Support
    • Evergreen Gift
    • One-Time Gift
    • Corporate Support / Underwriting
    • Vehicle Donation
    • Stock Gift
    • Legacy Gift
    • Endowment Gift
    • Volunteering
    • Benefits
    • Member FAQ
    • e‑Newsletter
    • Drawing Winners
    • Thank You Gifts
  • About Us
  • Contact Us
  • Close Menu
 We Get Support From:
Become a Supporter 
 We Get Support From:
Become a Supporter 

Report: California Foreclosures Down In 2014

  •  Steve Milne 
Thursday, January 15, 2015 | Sacramento, CA
Listen
/
download audio
Update RequiredTo play audio, update browser or Flash plugin.
  

Foreclosure listing service RealtyTrac’s year-end report shows California had 108,000 properties with foreclosure filings in 2014. That was down 20 percent from 2013 and it was an 83 percent drop from the peak of foreclosure activity in 2009.

RealtyTrac’s Daren Blomquist says California’s numbers are getting closer to being back to normal.    

“The numbers statewide were at their lowest level since 2006," says Blomquist. "2006 was the last year that we would consider kind of a normal market before the housing bust and ensuing foreclosure crisis.”

Blomquist says there’s still a little bit of concern about a backlog of delayed foreclosures held up by California’s Homeowner Bill of Rights. But that law took effect two years ago and Blomquist says the feared backlog has yet to materialize.

Sacramento region home foreclosure activity is also at the lowest level since 2006. The research firm says there were just over eight thousand properties with foreclosure filings in 2014, down 21-percent from the previous year. Blomquist says Stockton saw even bigger decreases.

"There were just about 2,200 properties with foreclosure filings in Stockton in 2014, down 43 percent from the previous year and actually that was below what it was back in 2006," says Blomquist. "Not to say that the housing market over there in Stockton is completely rosy but when it comes to foreclosures we're seeing that market back to below pre-housing crisis levels."

Nevada has the fifth highest foreclosure rate in the country. Blomquist says Nevada's December foreclosure starts increased from a year ago by triple-digits.

"We did see in December a 194 percent increase statewide in foreclosure starts and in November there was a 138 percent increase."

Blomquist says Nevada still has a backlog of delinquent mortgages because of state laws that slowed the foreclosure process.  


Follow us for more stories like this

CapRadio provides a trusted source of news because of you.  As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.

Donate Today  

 foreclosurerealtytrac

Steve Milne

Morning Edition Anchor & Reporter

Steve is the Morning Edition anchor for Capital Public Radio. He covers stories on a wide range of topics including: business, education, real estate, agriculture and music.  Read Full Bio 

Coronavirus Newsletter

Get answers to your questions, the latest updates and easy access to the resources you need, delivered to your inbox.

 

Want to know what to expect? Here's a recent newsletter.

Thanks for subscribing!

We'll send you weekly emails so you can stay informed about the coronavirus in California.

Browse all newsletters

More Stories

Renée C. Byer/The Sacramento Bee via AP, Pool

Watch: Gov. Gavin Newsom's Update On COVID-19 For Jan. 11

January 11, 2021

Bert Johnson / CapRadio

After Months Of Demonstrations At Nevada’s Capitol, Officials Prepare For Possible Armed Protests

January 15, 2021

Andrew Nixon / CapRadio

Bank Of America Sued Over EDD Unemployment Debit Card Fraud

January 16, 2021

Most Viewed

California Coronavirus Updates: Extra Vaccine Doses Not Coming To California As Promised By Trump Administration

California Throws Open COVID Vaccines To Anyone 65 And Older

When Can I Get A COVID-19 Vaccine? How Will I Find Out? Answers To Your California Vaccine Questions.

No, Efforts To Recall California Gov. Newsom Are Not ‘A Coup’

California Lawmakers Threatened By Anti-Vaccine Activists During Public Hearing

We Get Support From:
Become a Supporter

Most Viewed

California Coronavirus Updates: Extra Vaccine Doses Not Coming To California As Promised By Trump Administration

California Throws Open COVID Vaccines To Anyone 65 And Older

When Can I Get A COVID-19 Vaccine? How Will I Find Out? Answers To Your California Vaccine Questions.

No, Efforts To Recall California Gov. Newsom Are Not ‘A Coup’

California Lawmakers Threatened By Anti-Vaccine Activists During Public Hearing

Back to Top

  • CapRadio

    7055 Folsom Boulevard
    Sacramento, CA 95826-2625

    • (916) 278-8900
    • Toll-free (877) 480-5900
    • Email Us
    • Submit a News Tip
  • Contact Us

  • About Us

    • Contact Us / Feedback
    • Coverage
    • Directions
    • Jobs & Internships
    • Mission / Vision / Core Values
    • Press
    • Staff Directory
    • Board of Directors
  • Listening Options

    • Mobile App
    • On Air Schedules
    • Smart Speakers
    • Playlist
    • Podcasts
    • RSS
  • Connect With Us

    •  Facebook
    •  Twitter
    •  Instagram
    •  YouTube
  • Donate

  • Listen

  • Newsletters

CapRadio stations are licensed to California State University, Sacramento. © 2021, Capital Public Radio. All Rights Reserved. Privacy Policy | Website Feedback FCC Public Files: KXJZ KKTO KUOP KQNC KXPR KXSR KXJS. For assistance accessing our public files, please call 916-278-8900 or email us.