NEW HAMPSHIRE FORECLOSURES INCREASE 9 PERCENT IN JUNE

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Activity Soars 4,667 Percent From June 2006

 

IRVINE, Calif. – July 31, 2007 – New Hampshire reported 429 foreclosure filings in June, a 9 percent increase from the previous month and soaring 4,667 percent above the number reported in June 2006, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

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.

 

New Hampshire foreclosures are more than 47 times what they were this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “A number of factors are contributing to the overall rise in foreclosures such as the state’s home price appreciation rate which is currently below the national average.”

 

Total foreclosure filings in the Granite State ranked it 34th highest in the country for June. The state’s foreclosure rate of one foreclosure filing for every 1,275 households ranked it 21st among the 50 states.

 

Hillsborough County leads in foreclosure activity for June

Hillsborough County led the state in foreclosure activity for June, reporting 115 foreclosure filings. Rockingham County reported the second highest county total with 108 filings. Strafford County came in third with 46 filings in the foreclosure pipeline for the month.

 

Highest foreclosure rate reported in Strafford County

Strafford County posted the highest foreclosure rate in the state for June, one foreclosure filing for every 990 households — 1.3 times the state average. Merrimack County registered the second highest rate, one foreclosure filing for every 1,023 households — 1.3 times the state average. Third highest foreclosure rate was reported in Rockingham County, one foreclosure filing for every 1,047 households — 1.2 times the state average.

 

State makes minor contribution to national total

Total foreclosure filings in New Hampshire accounted for less than 1 percent of the 164,644 foreclosure filings nationwide in June. The national total was down 7 percent from the previous month but still up 87 percent from June 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 704 U.S. households for 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.

 

 

                New Hampshire Foreclosure Market by County – June 2007

 

County

NOD

NTS

NFS

LIS

REO

Total

1 in every # households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

36,048

51,492

12,488

38,247

26,369

164,644

704

n/a

n/a

New Hampshire

1

328

0

0

100

429

1,275

0.55

n/a

 

 

 

 

 

 

 

 

 

 

Belknap

0

19

0

0

7

26

1,235

0.57

1.03

Carroll

0

12

0

0

1

13

2,673

0.26

0.48

Cheshire

1

23

0

0

6

30

1,063

0.66

1.20

Coos

0

8

0

0

5

13

1,509

0.47

0.84

Grafton

0

12

0

0

0

12

3,644

0.19

0.35

Hillsborough

0

85

0

0

30

115

1,304

0.54

0.98

Merrimack

0

43

0

0

12

55

1,023

0.69

1.25

Rockingham

0

79

0

0

29

108

1,047

0.67

1.22

Strafford

0

37

0

0

9

46

990

0.71

1.29

Sullivan

0

10

0

0

1

11

1,833

0.38

0.70

 

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).

 

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

 

To search and research real estate data for more than 130 million properties nationwide, sign up for a FREE trial to RealtyTrac.

For the latest real estate news and trends get a FREE issue of our award-winning real estate newsletter, the Housing News Report.

Related Posts

Leave a Reply

Copyright © 2016 Renwood RealtyTrac LLC - All rights reserved