February 13, 2014
Foreclosure filings jumped in Ohio from December to January but remain well below a year ago, according to data released this morning by the real-estate information service RealtyTrac.
Statewide, 5,792 foreclosure-related documents were filed, 23 percent more than in December but 31 percent below last January.
Michael Mahon, executive vice president at HER Realtors, said the market can absorb new foreclosed properties because there are so few conventional homes available for sale in central Ohio.
“Despite this increase in foreclosure activity, all signs in Ohio point to continued, positive growth of appreciation in single-family home prices,” he said.
Nationally, foreclosure activity rose 8 percent from December and was down 18 percent from January 2013.
RealtyTrac includes foreclosure lawsuits, scheduled sheriff sales and bank repossession in its overall tally.