Riverside foreclosures continue to fall

Foreclosure rates in Riverside continue sliding as the county recovers from the 2007/2008 financial crisis.  Riverside was especially hit hard during and after the downturn however over the last few years they’ve seen prices stabilize with some growth.  Foreclosures were very high for several years post recession however that too has stabilized and we’re seeing less and less over the last 24 months.  Riverside mortgage rates continue to be low and because home values have bounced back we’ve seen many homeowners take advantage of the opportunity to lower their rate and monthly payment.  Home sales have been somewhat strong and it appears that trend may continue.