Foreclosures in Delaware

Population:

45th largest U.S. State by population, with 885,122 people (2009 estimate).
49th largest state in the country by area, at 5,543 square miles.

Largest city: Wilmington

Median income:$57,989 (2008 estimate)

Climate:
Yearly rainfall: 41.3 inches per year
Yearly snowfall: About 20 inches per year
Temperatures (High/Low) in capital city of Bridgeport:
January, 39/24; July, 86/67

Foreclosures:
Foreclosure activity for 2009 increased in Delaware over the prior year. There was a total of 3,034 properties with filings. That works out to a rate of one filing for every 128 households, which is less than the United States average of 45, and around one percent of the state’s housing units.

Those figures represent a 20 percent increase over 2008 and a 203 percent increase over 2007.

In 2008 there were about 11,500 existing homes (including condos, co-ops, and single-family homes but excluding new homes) sold in Delaware, compared to about 15,700 sold in 2007.

Economy:
Delaware's largest employers are the state and federal governments, followed by the University of Delaware. The banking and credit card industries have found somewhat of a haven in Delaware thanks to favorable laws and regulations, and as such have a heavy presence as well. Sixty percent of Fortune 500 corporations are incorporated in Delaware thanks to the state's reputation for being a “tax haven.

Noteworthy:
Delaware's Dover Air Force Base is one of the largest and most strategically important bases in the country.”

 

 
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County wide foreclosures in Delaware

foreclosures in New Castle County
foreclosures in Kent County
foreclosures in Sussex County

 
 
 
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