Interest Rate Roundup

Monday, March 26, 2007

February foreclosure follies ...

RealtyTrac puts out a monthly report on nationwide foreclosure activity. We just got the numbers for February...

* Overall foreclosure activity came in at 130,786. That's down about 5,300, or 3.9%, from January.

* Time to break out the party hats? Well, not really. January's reading of 136,113 was the highest for this data series, which began two years earlier. Moreover, foreclosure activity was up 11.6% from February 2006.

* About one in every 884 U.S. homes is in some stage of foreclosure. Nevada, Colorado, and Florida top the list in terms of foreclosures per household. Vermont, Maine, and West Virginia are the best-performing states.


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