Foreclosures plateau at new high

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.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.