RealtyBizNews - Real Estate Marketing and Beyond
Real Estate Marketing & Beyond
Home » Housing » US Real Estate » US Foreclosure Picture Worsens in August

US Foreclosure Picture Worsens in August

By Al Twitty | September 13, 2012

Confusing signals, that's what conflicting reports of a real estate market gaining momentum and one headed back into the doldrums are good for. According to RealtyTrac's August forecolusure report, defaults in the US are on the rise again.

foreclosure sign
Image Courtesy of In This Economy

Without including all the technicalities that can account for such a rise, it should be significant enough to note default notices, auctions, and especially repossessions totaled 193,508 in August alone. The research firm documented that some 20 states reported increases in foreclosure related activities, Illinois being at the top of the national list. One in every 298 housing units there has some kind of foreclosure filing associated with it.

California and Florida also remained high on the list of state with the worst foreclosure rates. New Jersey, New York, Maryland, Illinois, and Pennsylvania were not far behind in the dubious category either. The heat map from RealtyTrac below shows the foreclosure picture state by state.

  • Advertise with RealtyBizNews - Media Kit
  • real estate digital marketing
  • Get Digital Marketing Training
    right to your inbox
    All Contents © Copyright RealtyBizNews · All Rights Reserved. 2016-2023
    Website Designed by Swaydesign.
    linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram