Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

National foreclosure activity was down in June compared to the previous month, but is still well above activity for the same month a year ago, a foreclosure reporting service said today. According to RealtyTrac, a total of 164,644 foreclosures were filed in June, down 7 percent from May and up 87 percent from June 2006. The company's report also shows a national foreclosure rate of one foreclosure filing for every 704 U.S. households for the month. "Foreclosure activity subsided somewhat in June after hitting a 30-month high in May," said James J. Saccacio, CEO of RealtyTrac. "And the drop in activity was fairly broad, with 33 states reporting month-over-month decreases. Still, the foreclosure rates in most states remained substantially above last year's levels." Nevada, Califo...