Foreclosure Activity Rises In Most States
January 24, 2007
The number of foreclosure filings across the nation exceeded 100,000 for the fifth consecutive month in December, with foreclosure activity up year-ago levels in all but 13 states, according to RealtyTrac’s "December 2006 U.S. Foreclosure Market Report." In California, monthly foreclosures were down 34.4 percent from November.
Rising interest rates on adjustable-rate mortgages and slower home sales continue to impact foreclosure activity throughout the U.S., according to the report. The national foreclosure rate in December 2006 was one new filing for every 1,055 households.
source: C.A.R.
Posted in All Things San Diego, Lending, Real Estate, Things of Interest
Loving the San Diego Coast!
