Podcast: PA remains below national foreclosure average

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Foreclosures have not reached the crisis level in Pennsylvania as they have elsewhere, according to Dr. Austin Jaffe, PAR’s consulting economist and director of real estate studies at Penn State University. “Although the foreclosure rate may be increasing, the magnitude is much less severe,” Jaffe added. 

RealtyTrac ranks the commonwealth 34^th among the 50 states in the number of foreclosures, well below the national average.

Related posts:

1. Podcast: It’s back to basics for real estate
2. Podcast: Economy needs to rebound to strengthen real estate market
3. Grant allows PAR to study impact of foreclosures

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Tags: foreclosures, jaffe

This entry was posted on Monday, November 23rd, 2009 at 6:00 am and is filed under Real Property Podcasts. You can follow any responses to this entry through the RSS 2.0 feed.