Activity Down 54 Percent From a Year Ago
“Although the district’s foreclosures are down from this time last year, they have been steadily increasing during the last few months,” said James J. Saccacio, chief executive officer of RealtyTrac. “First quarter 2007 statistics show that the state’s unemployment rate was 1.1 percent higher than the national average and that its home sales decreased by more than twice the national rate in 2006. These factors are likely contributing to the recent increase.”
The district ranked among the five lowest regions in the country total foreclosures for April. Its foreclosure rate of one foreclosure filing for every 45,808 households ranks it one of the lowest rates in the country.
The district’s contribution minor to overall national total
Total foreclosure filings in the district accounted for less than 1 percent of
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
For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.
1 in every # households
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