July 14, 2024

The leading online marketplace for foreclosure properties RealtyTrac ® ,  released its January 2007 U.S. Foreclosure Market Report, which shows that 130,511 new foreclosure filings were reported during the month.  That represents an increase of 19 percent from the previous month and an increase of 25 percent from January 2006.  The report also reflects a national foreclosure rate of one new foreclosure filing for every 886 U.S. households.

Further in the report, California’s foreclosure rate comes in as the nation’s second highest with a total of 14,430, a 14 percent increase from the previous month.  The CA foreclosure rate with one new foreclosure filing for every 846 households registers slightly above the national average and 14th highest among the states.

Texas is the only state with a higher foreclosure total with 14,728 new foreclosure filings in January, a four percent increase from the previous month but an increase of less than one percent from January 2006.  Texas’ foreclosure rate of one new foreclosure filing for every 547 households was sixth highest among the states and 1.6 times the national average.[tags] foreclosure,home loans,home foreclosure,real estate,real estate bubble['tags] San Diego downtown condos

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