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Economy
In reply to the discussion: Weekend Economists Waiting for FDR July 13-15, 2012 [View all]Demeter
(85,373 posts)37. U.S. home foreclosure filings rise
http://www.rawstory.com/rs/2012/07/12/u-s-home-foreclosure-filings-rise/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+TheRawStory+%28The+Raw+Story%29
US home foreclosure filings rose in the second quarter for the first time in two years, according to a report released Thursday.
During the April-June period, 311,010 properties started the foreclosure process, a 9 percent increase from the previous quarter, said RealtyTrac, a publisher of foreclosure data. The foreclosure starts were up 6 percent compared with the second quarter of 2011, the first annual quarterly rise since the fourth quarter of 2009, RealtyTrac said. In June, foreclosure filings rose annually for the second consecutive month.
In the first six months of the year, homes in some stage of the foreclosure process default notices, auction sale notices and bank repossessions topped one million, RealtyTrac said. One in 126 homes in the country had at least one foreclosure filing. Nevada had the highest state foreclosure rate: one in 57 homes. Arizona, Georgia, California and Florida rounded out the top five.
First-half filings were up two percent from the second half of last year, but they were down 11 percent from the same period a year ago.
US home foreclosure filings rose in the second quarter for the first time in two years, according to a report released Thursday.
During the April-June period, 311,010 properties started the foreclosure process, a 9 percent increase from the previous quarter, said RealtyTrac, a publisher of foreclosure data. The foreclosure starts were up 6 percent compared with the second quarter of 2011, the first annual quarterly rise since the fourth quarter of 2009, RealtyTrac said. In June, foreclosure filings rose annually for the second consecutive month.
In the first six months of the year, homes in some stage of the foreclosure process default notices, auction sale notices and bank repossessions topped one million, RealtyTrac said. One in 126 homes in the country had at least one foreclosure filing. Nevada had the highest state foreclosure rate: one in 57 homes. Arizona, Georgia, California and Florida rounded out the top five.
First-half filings were up two percent from the second half of last year, but they were down 11 percent from the same period a year ago.
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