Tuesday, August 21, 2007

Daily Real Estate News | August 21, 2007

Foreclosure Rate Continues to Climb Nationally

Foreclosure filings rose 9 percent from June to July and were up 93 percent year-over-year, according to RealtyTrac Inc., which tracks and sells foreclosures.

Five states — California, Florida, Michigan, Ohio, and Georgia — accounted for more than half of the total foreclosure filings, according to RealtyTrac CEO James J. Saccacio. However, Florida's foreclosure filings fell 9 percent between June and July.

Nevada had the highest foreclosure rate, one filing for every 199 households.

The national foreclosure rate in July was one filing for every 693 households, according to RealtyTrac.

— REALTOR® Magazine Online

No comments:

BEST CHOICE REAL ESTATE - (800) 788-8323