Industry NewsMarkets & Economy

Growth in foreclosure filings cools

Four of 10 problem states improve

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Foreclosure-related filings rose 12 percent from July to August and were up 27 percent from a year ago, according to data aggregator RealtyTrac.RealtyTrac counted 303,879 foreclosure-related filings during August, the highest since it began issuing reports in January 2005. But the 27 percent year-over-year increase in foreclosure filings was less than seen in recent months, when it has ranged between 50 percent and 65 percent.RealtyTrac, which sells information on distressed properties on a subscription basis to home buyers, investors and real estate agents, said part of the reason for the smaller increase was a spike in foreclosure activity a year ago."The lower annual percentage increase this month is due to a big spike in activity last August -- particularly in default activity," said James J. Saccacio, chief executive officer of RealtyTrac, in a press release. "Over the past few months we've seen annual increases in default activity and auction activity moderating, a...