NEW YORK, N.Y., June 12 (SEND2PRESS NEWSWIRE) -- According to research by ForeclosureListings.com, during the last
two years, the housing market has been suffering due to increasing numbers of foreclosure properties glutting the market.
While this has been bad for homeowners who are losing their properties at unprecedented rates, investors have benefited
from this trend. Housing values have gone down dramatically making many affordable for investors who can convert them into
profitable rental properties and other investments. Recent statistics, however, suggest investors interested in taking advantage
of this option may need to ask fast. The housing market may be improving.

ForeclosureListings.com compiles and tracks data about foreclosures throughout the United
States. According to their results, many cities and states have seen a decrease in the
number of foreclosures between April and May 2009. These cities include Las Vegas (8.33
percent), Phoenix (2.28 percent), Atlanta (2.03 percent), Detroit (1.02 percent), Miami (6.10
percent), and Denver (7.56 percent). California, Georgia, Texas, Nevada, and Colorado
have all seen their statewide numbers of foreclosures decrease by 5 percent or less. While
that may not seem significant, most of these states have seen gains in foreclosures every
month for at least a year.

These are cities that have seen tremendous jumps in the number of reported foreclosures. According to
ForeclosureListings.com, Chicago increased by nearly 13 percent, Minneapolis increased by almost 10 percent, North Las
Vegas saw an increase of over 6 percent, and Memphis jumped by over 31 percent. Both Illinois and Nevada saw statewide
increases: 6.62 percent and 4.65 percent, respectively. Florida, Ohio, and Michigan all saw increases statewide of around 1
percent. While these state increases may seem small, these states have already seen large numbers of property foreclosures
and the situation does not seem to be drawing to a close if these most recent figures are any indication.

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