April Foreclosure Rates Increase in Tennessee
Posted in General Real Estate Info by Karen Rhodes on May 15th, 2007 RealtyTrac has released it’s market report on April foreclosures. The report shows 147,708 properties nationwide entered some stage of foreclosure during the month, a decrease of about 1 percent from the previous month and a huge increase of 62 percent from April 2006. That’s 1 in every 783 households!
Tennessee came in with the 13th highest rate in the nation. 1 in 722 households, an increase over last month of 6.89% and 30% over last April. Pretty ugly. I wish I could track it to the county level because I don’t think it’s that high here in Hamilton County. I’m working on finding the local stats though.
The 10 highest were:
10 Michigan
9 Illinois
8 Arizona
7 Florida
6 Georgia
5 Ohio
4 California
3 Connecticut
2 Colorado
1 Nevada
