Interest Rate Roundup

Tuesday, January 29, 2008

RealtyTrac: Foreclosures spike in December

RealtyTrac is a California firm that tracks monthly foreclosure filings. Filings popped up to 215,749 in December from 201,950 in November. On a year-over-year basis, filings were up 96.8%. The peak (to date) for filings came in August at 239,851.

For all of 2007, filings were up 75%. Nevada had the highest rate of all states, with 3.4% of its households falling into foreclosure. Florida was #2 with just over 2%, followed by Michigan, California, and Colorado.


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