U.S. Foreclosure Activity Up 2 Percent in July Boosted by Foreclosure Starts

A total 130,888 U.S. properties with foreclosure filings were reported in July 2013, a 2 percent monthly increase, but still 32 percent below the July 2012 level. The monthly increase was driven by a 6 percent increase in foreclosure starts. Foreclosure starts were up in 26 states compared to the previous month, and 15 states reported a yearly increase in foreclosure starts.
The national foreclosure rate was one in every 1,001 U.S. properties for the month. Florida led the nation in foreclosure rate during the month and the top five metro area foreclosure rates were all found in Florida.
RealtyTrac Vice President Daren Blomquist briefly discusses the findings from the U.S. Foreclosure Market Report for July in the video below.

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