Another day, another foreclosure report, this time from industry leader RealtyTrac, the one the government relies upon.
The company said today that foreclosure filings were reported on 243,353 properties nationwide during April, representing a four percent increase from March and a 65 percent jump from a year ago.
RealtyTrac said the April total was the highest number they’ve seen since they started reporting the numbers back in January 2005, but noted that only about two percent of households nationwide were in some stage of foreclosure.
During the month, one of every 519 households in the United States received a foreclosure notice.
Nevada still holds the nation’s highest foreclosure rate at one in every 146 households, but saw its foreclosure activity dip five percent from March.
California held the second highest foreclosure rate at one in every 204 households, with their total down about one percent from March but up 112 percent from a year ago.
Arizona held the third highest rate of foreclosure activity, with one in every 224 households in the process, up 26 percent from March and 181 percent from a year ago.
Unsurprisingly, nine of the top 10 metro foreclosure rates were found in either California or Florida, with central California cities accounting for the top four.
All in all, foreclosure activity was a bit of a mixed bag nationwide, with some states showing substantial declines, others displaying large gains, and some remaining unchanged.
(photo: mikah)
