Industry NewsMarkets & Economy

Foreclosure activity climbs 57% in January

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

The volume of U.S. foreclosure filings rose about 57 percent in January compared to the same month last year, foreclosure research company RealtyTrac reported today. Nevada led all states with foreclosure filings for 0.6 percent of all households, followed by California with a 0.44 percent household foreclosure filings rate, and Florida at 0.37 percent. Nationally, there were 233,001 foreclosure filings in January, and the household foreclosure rate was 0.19 percent. Foreclosure filings rose more than 100 percent year-over-year in January in Rhode Island, Massachusetts, Florida, California and Arizona -- Virginia, Maryland and Connecticut also had substantial gains in foreclosure activity, though RealtyTrac reported that the increase in those three states may be inflated because of changes in data coverage. The volume of foreclosure filings rose 258.7 percent in Rhode Island, 186.9 percent in Massachusetts, 157.7 percent in Florida, 120.2 percent in California and 117.5 perc...