Industry NewsMortgage

Foreclosures plateau at new high

RealtyTrac sees more homes in initial stages of process
Published on May 13, 2009

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

The number of foreclosure-related filings on U.S. homes increased slightly from March to April, hitting a new high for the downturn, according to data aggregator RealtyTrac.

The 342,038 foreclosure-related filings recorded by RealtyTrac in April represented an increase of less than 1 percent from March, but a 32 percent increase from the year before. The rate of filings -- one for every 374 homes -- represented a high dating back to January, 2005, when RealtyTrac began reporting.

Comments