ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT
State’s Activity Level Down 20 Percent From a Year Ago
IRVINE, Calif. – Jan. 15, 2007 – Alaska reported 79 properties entering some stage of the foreclosure process in December, down 26 percent from the 107 properties reported in November, and a 20 percent decrease from the 99 properties reported for the same month last year, according to the RealtyTrac™ U.S. Foreclosure Market Report.
RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with over 700,000 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.
“Alaska’s job growth and mortgage quality remain strong,” said James J. Saccacio, chief executive officer of RealtyTrac. “Rounding out the year, the state has managed to keep its rate of foreclosures down.”
Alaska ranked 41st in the country in total foreclosures reported for December. The state’s foreclosure rate of one new foreclosure filing for every 2,597 households ranked 24th among the 50 states.
Anchorage County accounts for largest share of state total
Anchorage County reported the largest share of Alaska’s foreclosure activity in December, with 43 properties entering some stage of the foreclosure process during the month. Fairbanks North Star County reported the second highest total, with 19 properties in some stage of foreclosure. Kenai Peninsula County posted the third highest foreclosure activity, with eight properties entering foreclosure.
Kenai Peninsula County posts state’s highest foreclosure rate
Kenai Peninsula County posted the state’s highest foreclosure rate for December, with one new foreclosure filing for every 311 households — 8.4 times the state average and 3.4 times the national average. Fairbanks North Star County reported the second highest foreclosure rate, with one new foreclosure filing for every 1,752 households — 1.5 times the state average. Anchorage County documented the third highest foreclosure rate, with one new foreclosure filing for every 2,334 households — 1.1 times the state average.
State makes minor contribution to national total
Alaska’s foreclosure activity accounted for less than 1 percent of the 109,652 properties entering some stage of foreclosure nationwide in December. The national total represents a 9 percent decrease from the 120,334 foreclosures reported in November. The nation’s foreclosure rate increased to one new foreclosure filing for every 1,055 households during the month.
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).
For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.
Alaska Foreclosure Market by County – December 2006
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 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 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