[wagglebee]

I estimate the total number of single family homes to be approx. 280,000.

And out of 280,000, there are about 800 more foreclosures now than there were a year ago. This IS NOT a disaster.

[RSmithOpt]

Slight corrections needed from the best resources I could find:

2006 Wake Co. Housing units:325,613

From year 2000: 65.9% of that 325,613 is home ownership where the owner lives in the dwelling

That would be 214, 579 owned homes.

State & County QuickFacts - US Census Bureau

3,570/214579 = 1.66% of the total number of homes are in foreclosure

Of that, it is not known exactly how many are investment properties.

Figuring the median price approximately $240,000 that would be $856,800,000 in property currently in some type of foreclosure.

Kinda not too good for the local economy.

From what I gather, this does not include surrounding communities, Knightdale, Wake Forest, Garner, Apex, Zebulon, Holly Springs, or Fuquay-Varina.