Industry News

New foreclosure listings down nationwide

But Massachusetts, North Carolina, Tennessee see substantial increase

Real estate foreclosure inventory dipped in November, according to data compiled and released by Foreclosure.com, which tracks residential foreclosure, pre-foreclosure, bankruptcy, for-sale-by-owner and tax lien listings nationwide. According to the data, 85,375 foreclosed residential properties were available for sale during November, a decrease of 2.7 percent from October. The total number of new foreclosures listed for sale in November was 20,951, also down 2.7 percent. The states with the highest number of foreclosure listings were Colorado, Georgia, Indiana, Michigan, Ohio and Texas. Of those, Georgia was the only state to see an increase in new foreclosures from October to November. Meanwhile, Massachusetts, North Carolina and Tennessee saw a substantial rise in the number of new foreclosures for the second straight month, indicating early signs of a trend in those areas. "Most areas of the United States experienced relatively stable foreclosure inventory during the past year...