U.S. Foreclosure Activity Rises 57 Percent

U.S. foreclosure activity increased 8 percent in January 2008 compared to December and shot up 57 percent compared to January 2007, RealtyTrac, a publisher of foreclosure data, reported February 26, 2008.

Nevada leads the U.S. in foreclosure activity.

"Despite a month-over-month drop in foreclosure activity, Nevada continued to document the highest foreclosure rate among the 50 states. Foreclosure filings were reported on a total of 6,087 Nevada properties during the month, a 45 percent decrease from the previous month but still a 95 percent increase from January 2007."

For January, California's foreclosure rate ranked second highest, and  Florida ranked third. Other states with foreclosure rates ranking among the top 10 were Arizona, Colorado, Massachusetts, Georgia, Connecticut, Ohio and Michigan.

Read The RealtyTrac Press Release

Comments

[Mike]

Foreclosure is becoming really popular in our country. I don't know where our economy is heading towards.