Foreclosures rise 48% on year
Industry, Investors, Market | (1)
From Reuters:
U.S. home foreclosure filings in May increased from April and were a whopping 48 percent higher than a year earlier, real estate data firm RealtyTrac said on Friday.
Home foreclosure filings in May totaled 261,255, up 7 percent from April, RealtyTrac, an online market of foreclosed properties, said in its U.S. Foreclosure Market Report. The figure is a total of default notices, auction sale notices and bank repossessions.
"May was the third straight month where we've seen a month-to-month increase in foreclosure activity and the 29th straight month we've seen a year-over-year increase," James J. Saccacio, chief executive officer of RealtyTrac, ...