CHARLOTTE – The weather might have been unusually rainy, but here’s some sunny news about last month: Residential foreclosure activity plunged by nearly 30 percent in the Charlotte market between June and July.
And, to boot, last month saw almost 50 percent fewer distressed housing filings as July 2012.
All that is according to the just-released July 2013 U.S. Foreclosure Market Report by the RealtyTrac housing data analytics firm, based in Orange County, Calif.
The report, which is based on total number of properties with at least one foreclosure filing entered into the RealtyTrac database during the month, found that the number of residential property filings in the Charlotte-Gastonia-Concord metro area fell by 29.91 percent month over month, from 846 in June to 593 last month.
Those 593 filings in July are down 48.44 percent from the 1,150 recorded in Charlotte in the same month last year.