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Friday
Aug152014

S.C. 6th in the Nation in Foreclosures

New data from the real estate website ReatlyTrac shows that South Carolina's real estate troubles are getting better, compared to a year ago, but still remain among the worst in the country for foreclosures.

The analysis of the data, conducted by the Columbia Business Report, says the national foreclosure rate dropped 16.4% comparing July of 2014 to July of 2013, and for South Carolina, the number of foreclosures has fallen 11.4% year-to-year.

In the Midlands, counties with the highest number of foreclosed properties are Orangeburg, Richland, and Lexington counties.

State-wide, the highest foreclosure rates were Orangeburg and Charleston counties, followed closely by Anderson and Greenville counties, and the counties with some of the state's lowest foreclosure rates are Laurens and Cherokee.

South Carolina has had an average of one foreclosure for every 904 housing units sold, while nationally, foreclosures are filed once every 1,203 housing units sold.

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