Home foreclosures plunged in the first quarter.
According to RealtyTrac, 313,487 US homes were foreclosed on during the first quarter. That’s the lowest quarterly total since the first quarter of 2007, a 7% decline from the previous quarter, and an 8% drop from the same quarter last year.
"Some of most stubborn foreclosure cases are finally being flushed out of the foreclosure pipeline, and we would expect to see more noise in the numbers over the next few months as national foreclosure activity makes its way back to more stable patterns by the end of this year,” RealtyTrac vice president Daren Blomquist said in the data release.
Still, some states are struggling.
We drew on RealtyTrac’s report to highlight the 15 states with the highest foreclosure rates last quarter.
Note: The states are ranked by foreclosure rate, i.e., one in every 'X' homes received a foreclosure filing.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
Maryland second worst of the fifteen for foreclosures. I'd be interested in seeing the numbers by Maryland county.
I read this report in the news at lunch. Apparently it has made national news of just how much damage the O'Malley administration has done to this state!
Top 5 Counties
Charles
1 in every 278
Prince George's County
1 in every 296
Dorchester
1 in every 437
Calvert
1 in every 459
Baltimore City
1 in every 467
Why are we discussing previous Administrations? That's what Obama does.We are better than that.
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