U.S. Foreclosure Activity Increases 75 Percent In 2007

…a total of 2,203,295 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 1,285,873 properties nationwide during the year, up 75 percent from 2006. The report also shows that more than 1 percent of all U.S. households were in some stage of foreclosure during the year, up from 0.58 percent in 2006.
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A total of 215,749 foreclosure filings were reported in December, up 97 percent from December 2006 and bringing the fourth-quarter total to 642,150 filings on 527,740 properties — up 1 percent from the previous quarter and up 86 percent from the fourth quarter of 2006.

The summary also includes U.S. Foreclosure Market Statistics by State – 2007 Totals

Source: RealtyTrac

This entry was posted on Thursday, January 31st, 2008 at 7:13 pm and is filed under Business and economics, Housing and real estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.