Foreclosures Down in December
Posted in General Real Estate Info by Karen Rhodes on January 17th, 2007 It’s that time again. RealtyTrac has released it’s market report on December foreclosures. The report shows 109,652 properties nationwide entered some stage of foreclosure during the month, a decrease of nearly 9 percent from the previous month but an increase of 35 percent from December 2005.
Colorado has reclaimed it’s position as the state with the highest rate of foreclosure with 1 in every 376 households entering some stage of foreclosure. Not a top spot to strive for.
Nevada is second with 1 in 392
Georgia is third with 1 in 480
Mass, Texas, Michigan, Ohio, Illinois, Indiana and New Jersy round out the ten states reporting the highest rates in December.
Tennessee did show improvement from November with a 20.65% drop to 1 in 860 homes entering foreclosure. Only 10 states worse than us:( It’s still an increase of 43.82% over December 2005.
