By Daily Journal Staff
The nation’s foreclosure activity dipped 1% in April from March but was still 62% higher than the foreclosure rate in April 2006. The decline posted after hitting a two-year high in March.
The April data was released today by RealtyTrac, an online marketplace of foreclosure properties and the foreclosure data provider for MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s “Real Estate Journal.” RealtyTrac’s statistics include properties in various stages of foreclosure, including defaults, auctions and bank repossessions.
South Carolina was No. 43 in the nation for foreclosures in April, with 292 properties in some stage of foreclosure, representing one foreclosure for every 6,022 South Carolina households. The number represented a 14.12% drop from March and a 57.31% decrease from April 2006.
Nevada had the highest foreclosure rate in the nation in April at 3,737 foreclosures, with one foreclosure filing for every 232 households.
Other states ranking among the nation’s top 10 for foreclosures included California, Ohio, Georgia, Florida, Arizona, Illinois and Michigan.
Wyoming had the lowest rate of foreclosures in the nation in April, with 20 properties in some stage of foreclosure representing one foreclosure for every 11,193 households.
The report showed a total of 147,708 foreclosure filings nationwide in April, with the national foreclosure rate at one foreclosure filing for every 783 U.S. households during the month.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment