Foreclosures Dropping
February 26, 2007
The number of property foreclosures are dropping, according to a report from RealtyTrac, a real estate research firm. About 109,650 properties nationwide entered some stage of foreclosure during the month of December, reflecting a decrease of nearly nine percent from the previous month. The report shows a national foreclosure rate of one new foreclosure filing for every 1,055 households.
Colorado posted the nation’s highest state foreclosure rate in December. Nevada’s foreclosure rate dropped to second highest in the nation. Texas recorded the most new foreclosure filing of any state in December, taking the top spot from California, according to RealtyTrac.
Posted in All Things San Diego, Lending, Real Estate, Things of Interest
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