A report issued today by ForeclosureS.com shows that roughly a million homes were lost to foreclosure last year, an increase of more than 60 percent from 2007:
Month to month, foreclosed properties repossessed by lenders spiked in December, up 19.3 percent to 97,841 from November, when 82,033 properties were foreclosed. The December increase followed two months of steady declines, but December still was 6.1 percent below the peak foreclosure month of September. Pre-foreclosures, which had been slowing until December, also climbed to 190,467 in December, up 11.9 percent from November.
All regions of the country showed increases in lender-owned properties and pre-foreclosure filings in December, ForeclosureS.com analysis shows.
U.S. FORECLOSURE INDEX:
YEAR TO DATE PREFORECLOSURE FILINGS BY REGION
| Preforeclosures | YTD 2007 | YTD 2008 | Change | ||
|---|---|---|---|---|---|
| Region | Filings | Per Household | Filings | Per Household | |
| Midwest | 185,073 | 1.69% | 228,849 | 1.98% | 23.60% |
| Southeast | 383,697 | 2.31% | 735,417 | 4.29% | 91.70% |
| Northeast | 190,832 | 1.14% | 235,745 | 1.34% | 23.50% |
| Southwest | 528,399 | 2.09% | 883,006 | 3.60% | 67.10% |
| Other States | 3,476 | 0.60% | 6,034 | 1.03% | 73.60% |
| Nationwide | 1,291,477 | 1.85% | 2,089,051 | 2.95% | 61.80% |
* Percentage of every 1,000 households in state
U.S. FORECLOSURE INDEX:
YEAR TO DATE REO FILINGS BY REGION
| REO | YTD 2007 | YTD 2008 | Change | ||
|---|---|---|---|---|---|
| Region | Filings | Per Household | Filings | Per Household | |
| Midwest | 182,176 | 1.13% | 195,057 | 1.24% | 7.10% |
| Southeast | 146,068 | 0.89% | 253,126 | 1.49% | 73.30% |
| Northeast | 26,333 | 0.24% | 41,250 | 0.25% | 56.70% |
| Southwest | 241,544 | 0.93% | 501,641 | 1.99% | 107.70% |
| Other States | 1,056 | 0.21% | 1,496 | 0.27% | 41.70% |
| Nationwide | 597,177 | 0.85% | 992,570 | 1.34% | 66.20% |
* Percentage of every 1,000 households in state
Reader Comments Read all comments (5)
CommieTommy of NY 1:09PM February 08, 2009
edie of NJ 11:20PM January 28, 2009
Rich of OR 4:57PM January 14, 2009