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US Foreclosure Activity Increases 8% in January

by Michael Stark, SouthernCaliforniaBroker.com on March 10, 2008
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Today, RealtyTrac released year-end data from its January 2008 U.S. Foreclosure Market Report, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 233,001 properties during the month, an increase of 8 percent from the previous month and an increase of nearly 57 percent from January 2007. California’s foreclosure rate for January ranked second highest among the states, and Florida’s foreclosure rate ranked third highest. Other states with foreclosure rates ranking among the top 10 were Arizona, Colorado, Massachusetts, Georgia, Connecticut, Ohio and Michigan.

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