DataMarkets & Economy

DC foreclosure activity surging annually, report says

RealtyTrac released data finding that nationally foreclosure rates have fallen for the eighth consecutive month
  • RealtyTrac reported foreclosure activity is below 2006 levels throughout the nation, but 18 states are still posting gains.
  • The District of Columbia saw a 230.43 percent annual increase in foreclosure activity.
  • A total of 1,857 homes were in the foreclosure process or under foreclosure in the metro area.

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A sure-fire sign of an improving real estate market is the fall of foreclosure activity, and luckily those trends are down throughout the nation for the eighth consecutive month, according to RealtyTrac's newly released data. Monitoring foreclosure activity throughout the nation down to a city level, the data showed that foreclosure activity is below 2006 average monthly levels. However, not all states are measuring equally. RealtyTrac reported 18 states and the District of Columbia posted a year-over-year increase in foreclosures. The highest foreclosure rates were seen in Delaware, Florida, Nevada, Maryland and New Jersey. A few metro areas witnessed gains in foreclosure activity as well, including Rockford, Illinois; Trenton, New Jersey; Tuscon, Arizona and St. Petersburg, Florida. In the entire Washington-Arlington-Alexandria metro, a total of 1,857 homes were reported in or going through the foreclosure process. Compared with May 2015, foreclosure activity in t...