August Foreclosure Rates
Posted in General Real Estate Info by Karen Rhodes on September 24th, 2007 RealtyTrac has released it’s market report on August foreclosures. The report shows 243,947 properties nationwide entered some stage of foreclosure during the month. And, are you ready? That’s up 36% from last month and 115% from August 2006. It’s a record breaking month with 1 in every 510 households entering foreclosure.
Tennessee certainly contributed to these abysmal figures coming with the 11th highest rate in the nation. 1 in 569 households. An increase over last month of 31.57% and up from August of last year by 95.57%!
The 10 highest were:
10 Indiana
9 Texas
8 Colorado
7 Arizona
6 Michigan
5 Ohio
4 Georgia
3 Florida
2 California
1 Nevada
