Last Friday, RealtyTrac released its U.S. Foreclosure Market Report for July 2011, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 212,764 U.S. properties in July, a 4 percent decrease from June and a 35 percent decrease from July 2010. The report also shows one in every 611 U.S. housing units with a foreclosure filing during the month of July.
Nevada posted the nation’s highest state foreclosure rate for the 55th straight month in July, with one in every 115 housing units receiving a foreclosure filing during the month. A total of 9,930 Nevada properties had a foreclosure filing in July, a 1 percent decrease from the previous month and a 28 percent decrease from July 2010.
California and Arizona came in second and third, respectively. Other states with foreclosure rates ranking among the top 10 were Georgia, Utah, Florida, Michigan, Idaho, Illinois and Wisconsin.
For more information: www.realtytrac.com/content/press-releases/july-2011-realtytrac-us-foreclosure-market-report-6755
Advertisement
Related Stories
Market Data + Trends
Housing Market Index Shows Builder Sentiment Continues to Rise
In March, builder confidence in the market for newly built single-family homes hit its highest level since July 2023
Building Materials
Building Materials Prices Saw Increases in February
Prices for gypsum, ready-mix concrete, and steel-mill products all rose during February, according to Producer Price Index data, while softwood lumber prices declined
Demographics
The State of Hispanic Homeownership
2023 saw a net gain of 377,000 Latino owner-households, the largest single-year gain in almost 20 years, a recent report finds