While ignoring lag time inherent in a deteriorating housing market, RealtyTrac said in a statement that 65 percent of local markets -- 580 out of 919 communities monitored -- were worse off using a five-point grading system than they were four years ago. The firm found 315 of 919 (35 percent) were better off in three out of five categories.
The firm checked average home prices, unemployment, foreclosure inventory, the number of foreclosures initiated by banks (called foreclosure starts) and the percentage of home sales that involved distressed properties, which include bank-seized properties and those in some stage of foreclosure.
In a report released Monday, "Election 2012 Housing Health Check," RealtyTrac said unemployment rates are higher in 90 percent of all counties involved in the study and that "the foreclosure picture is mixed, with slightly more than half of all counties documenting lower foreclosure inventory and fewer foreclosure starts compared to four years ago."
Read more:
RealtyTrac says 65 percent of housing markets worse off than 2008 - UPI.com