Foreclosure activity increased in 75 percent of 206 metro markets with populations of 200,000 or more during the first half of 2010, even as foreclosure-related filings fell in all but a half-dozen of the nation's 20 hardest-hit metro areas, data aggregator RealtyTrac said today.The data indicate that foreclosure activity may have peaked in some markets with the highest foreclosure rates, said James Saccacio, RealtyTrac CEO. But the "fragile stability" emerging in many local housing markets hinges on improvements in the underlying economy, particularly job growth, he said."If unemployment remains persistently high and foreclosure prevention efforts only delay the inevitable, then we could continue to see increased foreclosure activity and a corresponding weakness in home prices in many metro areas,” Saccacio said.All but one of the 20 markets identified by RealtyTrac as having the highest foreclosure rates were experiencing double-digit unemployment in June exceeding t...
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