ALASKA FORECLOSURES DECREASE 18 PERCENT IN APRIL

Foreclosures Decrease 1 Percent From a Year Ago

Anchorage County Posts Highest Foreclosure Rate

 

IRVINE, Calif. – May 31, 2006 – Alaska reported 84 properties entering some stage of foreclosure in April, a 17.65 percent decrease from the previous month and a 1.2 percent decrease from the 85 properties reported a year ago, according to the April 2006 U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with more than 600,000 properties from more than 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate, AOL Real Estate and Knight Ridder Online.

 

“Even though foreclosures in Alaska have decreased in April, the numbers have remained virtually unchanged over the past year,” said James, J. Saccacio, chief executive officer of RealtyTrac.  “Strong job growth and continued home price appreciation have likely kept these numbers from rising.”

 

With one foreclosure filing for every 2,443 households (half the national average), Alaska‘s foreclosure rate ranked 25th among the 50 states. The state accounted for 0.10 percent of the nation’s total foreclosures, with 38 states reporting more foreclosures.

 

Reporting 42 properties entering some stage of foreclosure, Anchorage County alone accounted for half of the state’s filings in April. Kenai Peninsula had the state’s highest foreclosure rate for the month, reporting one foreclosure filing for every 497 households (almost five times the state average.

 

Nationwide a total of 91,168 properties entered some stage of foreclosure in April, a 10 percent decrease from the previous month but a 33 percent year-over-year increase from April 2005. This marked the second straight month of decreasing U.S. foreclosure activity. At one foreclosure filing for every 1,268 households, the national foreclosure rate for April was higher than for any month in 2005.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of homes in some stage of foreclosure nationwide, by state and by county. RealtyTrac’s report includes properties in all three phases of foreclosure: Pre-foreclosures — Notice of Default (NOD) and Lis Pendens (LIS); Foreclosures — 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).

 

                           Alaska Foreclosure Market By County — April 2006

 

State Name

NOD

NTS

NFS

LIS

REO

Total

1 in every #households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

U.S.

21,244

38,238

2,833

9,071

19,782

91,168

1,268

Alaska

5

67

0

0

12

84

2,443

0.52

 

 

 

 

 

 

 

 

 

 

Anchorage

2

35

0

0

5

42

2390

0.53

1.02

Fairbanks North Star

1

14

0

0

2

17

1958

0.65

1.25

Juneau

0

1

0

0

0

1

12282

0.10

0.20

Kenai Peninsula

0

2

0

0

3

5

497

2.55

4.91

Kodiak Island

0

2

0

0

0

2

2580

0.49

0.95

Matanuska Susitna

2

13

0

0

2

17

1608

0.79

1.52

 

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, 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 construction properties, with more than 1 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 AOL Real Estate, MSN Real Estate and Yahoo! Real Estate. For more information, visit www.realtytrac.com.

 

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Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

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