| Real Estate Resources |
|
| Industry News |
|
| North Carolina Links |
|
| Real Estate Blogs |
|
| The Real Estate List |
|
| What's Your Zestimate? |
|
|
| Recomended Reading |
|
|
| Wednesday, October 04, 2006 |
| National Foreclosures Increase 24% in August |
The August 2006 U.S. Foreclosure Market Report, shows 115,292 properties nationwide entered some stage of foreclosure during the month, a 24 percent increase from the previous month and an increase of nearly 53 percent from August 2005. The report also shows a national foreclosure rate of one new foreclosure filing for every 1,003 U.S. households, the second highest monthly foreclosure rate reported year to date.
Colorado foreclosure activity spiked nearly 60 percent from the previous month and the state documented the nation's highest state foreclosure rate for the sixth month in a row, with one new foreclosure filing for every 301 households. With one new foreclosure filing for every 430 households, Nevada posted the nation’s second highest state foreclosure rate for the third straight month. Florida's foreclosure rate of one new foreclosure filing for every 442 households ranked as the nation's third highest state foreclosure rate.
The five states with the most new foreclosure filings -- Florida, Texas, California, Ohio and Illinois -- accounted for 50 percent of the nation's foreclosure activity in August. Florida foreclosure activity jumped to its highest level of the year so far, with 16,533 properties entering some stage of foreclosure in August -- the most of any state and an increase of more than 50 percent from the previous month. Texas reported 14,278 properties entering some stage of foreclosure, the second most of any state and an increase of nearly nine percent from the previous month. With 12,506 properties entering some stage of foreclosure, California foreclosures increased nearly 25 percent from the previous month. |
posted by Beau Dawkins @ 1:07 AM   |
|
|
|
|
|
