ACCORDING TO REALTYTRAC®
Yearly Foreclosure Total Up 273 Percent From October 2006
RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1 million 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.
“Foreclosures in the District are up both in October and from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Statistics show that the region’s unemployment rate is currently more than 1 percent higher than the national average. This is likely contributing to the overall rise.”
The District ranked the 46th highest in the country in total foreclosures for the month when compared to the 50 states. Its foreclosure rate of one foreclosure filing for every 3,388 households ranks it among the 10 lowest states.
The District of Columbia contributes less than 1 percent to nation’s monthly total
Total foreclosure filings in the district accounted for less than 1 percent of the 224,451 foreclosure filings nationwide in October. The national total represents a 2 percent increase from the previous month and is still 94 percent above the total reported for October 2006. The nation’s foreclosure rate is one foreclosure filing for every 555
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.
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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