ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT
Activity Down 4 Percent From A Year Ago
IRVINE, Calif. – April 23, 2007 – Alaska reported 98 foreclosure filings in March, a 21 percent increase from the previous month, and a 4 percent decrease from March 2006, according to the latest RealtyTrac™ U.S. Foreclosure Market Report.
RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with over 900,000 properties from nearly 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.
“Although Alaska’s job growth remains strong, foreclosure activity is up compared to last month,” said James J. Saccacio, chief executive officer of RealtyTrac. “If this trend continues, Alaska’s foreclosure activity will quickly come back in line with the increased rate the state saw last year.”
Alaska ranked 42nd in the country in total foreclosures reported for March. The state’s foreclosure rate of one foreclosure filing for every 2,094 households ranked 27th among the 50 states.
Anchorage County leads state in foreclosure activity
Anchorage County led the state in foreclosure activity, reporting 53 foreclosure filings for the month. Matanuska Susitna County had the second highest foreclosure total, reporting 18 foreclosure filings. Fairbanks North Star County came in third place, reporting 11 foreclosure filings.
Kenai Peninsula County leads state in foreclosure rate
Kenai Peninsula County posted the highest foreclosure rate in Alaska for March, reporting one foreclosure filing for every 276 households — 7.6 times the state average and 2.8 times the national average. Matanuska Susitna County posted the second highest foreclosure rate, reporting one foreclosure filing for every 1,518 households — 1.4 times the state average. Juneau County posted the third highest foreclosure rate, reporting one foreclosure filing for every 1,755 households — 1.2 times the state average.
State has minimal impact on national total for March
Total foreclosure filings in Alaska accounted for less than 1 percent of the 149,150 foreclosure filings nationwide in March. The national total was up almost 7 percent from the previous month, and surged 47 percent from March 2006. The nation’s foreclosure rate increased to one foreclosure filing for every 775 U.S. households during the month.
The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings — both nationwide and by state — over the preceding month. RealtyTrac’s report includes properties in all three phases of foreclosure: Defaults — Notice of Default (NOD) and Lis Pendens (LIS); Auctions — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank).
For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.
Alaska Foreclosure Market by County – March 2007
1 in every # households
Fairbanks North Star
About RealtyTrac Inc.
Ranked as the third largest real estate site by MediaMetrix, and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest growing private companies, RealtyTrac Inc. (www.realtytrac.com), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.
Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new homes, with more than 1.3 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and the Wall Street Journal’s Real Estate Journal. For more information, visit (www.realtytrac.com).
Atomic Public Relations