Dothan foreclosure numbers going up?

January 14th, 2008 - Categories: Dothan area Real Estate Market information, Inside the numbers

By: Charles Woodall

http://www.dothanhomesearch.com

As promised, here is the last eight weeks data on foreclosure notices published in the local newspaper.

Dothan foreclosure notices

I have only been tracking this information since November, even though before that I looked at the notices at least several times each week. I can say with a lot of certainty that I have never seen 12 notices in one day as we saw last Thursday. I can also say with relative confidence that the foreclosure numbers from this chart are not abnormally high for the Dothan area.

We’ll see how it plays out. As I stated in my predictions for the real estate market here in Dothan for 2008, I don’t think we can avoid an increase in foreclosures this year.

Tags: foreclosure, Dothan

This entry was posted on Monday, January 14th, 2008 at 11:04 am and is filed under Dothan area Real Estate Market information, Inside the numbers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Howard Young said at January 30th, 2008 at 9:07 pm
Charles,

I’m not surprised by these numbers. It seems that the housing market seemed over inflated in the Dothan area and especially in Enterprise.

I must be missing something, but I don’t understand how the local economy can support a basic 33% income to mortgage ratio at these prices.

Howard
Charles Woodall said at January 31st, 2008 at 9:56 am
We are definitely pushing the envelope Howard. The medical field and local government are the two largest employers here in Houston County. I think there is a perception that we rely on service and retail jobs to feed our economy, but that dependence is not as great as we think.