Foreclosure Rate In MD And Surrounding States

http://www.bizjournals.com/baltimore/stories/2008/11/10/daily48.html?t=printable


Baltimore Business Journal
One of every 774 households in Maryland was in foreclosure in October, according to an industry report released Thursday.

Maryland foreclosures jumped 32 percent between September and October to 2,973, according to Irvine, Calif.-based RealtyTrac Inc. Maryland posted a year-over-year percentage decrease, however, down 16 percent. Of Maryland, Virginia and Washington, D.C., it was the only jurisdiction to post a decrease compared with the same period a year ago.

One of every 1,246 households in D.C. were in default in October. D.C.'s foreclosures were up 177 percent year over year. RealtyTrac cautioned that incomplete data from the year before may distort year-ago comparisons in the District.

Virginia had the highest foreclosure rate in the region, with one of every 493 households in default. Virginia's monthly increase in foreclosures in October was modest, up just 2.5 percent to 6,555.

The Washington area as a whole fared better than the nation on a per-household basis. One of every 452 households were in default nationwide in October. Nationally, foreclosures rose 5 percent from September and 25 percent from October 2007 to 279,561.

Nevada had the highest foreclosure rate with one out of every 74 households in default. California had the highest number of foreclosures with 56,954, even as its foreclosure activity decreased. California foreclosures peaked in August at more than 100,000.