Thursday, April 15, 2010

Foreclosure activity up in first quarter

Realtytrac.com reports that foreclosure activity is up in the first quarter of 2010, increasing 7% over the same quarter of 2009.

The Realtytrac.com website reports that "... its U.S. Foreclosure Market Report™ for Q1 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 932,234 properties in the first quarter, a 7 percent increase from the previous quarter and a 16 percent increase from the first quarter of 2009. One in every 138 U.S. housing units received a foreclosure filing during the quarter."

The top ten states for foreclosure filings in the first quarter are (in order): Nevada, Arizona, Florida, California, Utah, Michigan, Georgia, Idaho, Illinois, and Colorado.

An interesting report. You can read it online here: Realtytrac press release on first quarter 2010 foreclosures

No comments: