Friday, January 19, 2007

United States December Foreclosure Report

RealtyTrac® reports that "...109,652 properties nationwide entered some stage of foreclosure during the month, a decrease of nearly 9 percent from the previous month but an increase of 35 percent from December 2005."

Around the US ... "Colorado posted the nation’s highest state foreclosure rate in December ... Nevada’s foreclosure rate of one new foreclosure filing for every 392 households dropped to second highest in the nation ... Georgia also reported a decrease in foreclosure activity, but the state’s foreclosure rate — one new foreclosure filing for every 480 households — ranked third highest in the nation for the third month in a row ..."

As far as new foreclosures, "Texas recorded the most new foreclosure filings of any state in December ... California’s monthly foreclosure total fell to second place ... Florida documented 8,321 properties entering some stage of foreclosure in December, the third most of any state but 11 percent below the number reported in the previous month ... Ohio, Illinois, Michigan, Georgia, Colorado, Massachusetts and New York also reported state foreclosure totals among the nation’s 10 highest.

To read more: RealtyTrac® December 2006 Foreclosure Report

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