Realtytrac.co the leading online marketplace for foreclosure
properties, today released its April 2006 U.S. Foreclosure Market Report,
which shows 91,168 properties nationwide entered some stage of foreclosure
in April, a 10 percent decrease from the previous month but a 33 percent
increase from April 2005. The report shows an April national foreclosure
rate of one foreclosure filing for every 1,268 U.S. households.
RealtyTrac publishes the largest and most comprehensive nationaldatabase
of pre-foreclosure and foreclosure properties, with more than600,000 properties
from more than 2,500 counties across the country, and isthe foreclosure data
provider to MSN Real Estate, Yahoo! Real Estate, AOLReal Estate and Knight
Ridder Online.
"Foreclosure filings have decreased 23 percent over the past two months
after shooting up 40 percent in the first two months of the year," said
James J. Saccacio, chief executive officer of RealtyTrac. "While the
national foreclosure rate is still higher than it was in any month last
year, this two-month downward trend indicates that housing markets in most
areas of the country have remained strong enough to hold foreclosures in
check despite rising interest rates and slowing home price appreciation."
Colorado posts nation's highest foreclosure rate
Colorado posted the nation's highest foreclosure rate for the second
month in a row even though the state's foreclosure activity decreased 31
percent from the previous month. A total of 3,706 Colorado properties
entered some stage of foreclosure in April, a foreclosure rate of one
foreclosure filing for every 494 households and an increase of 43 percent
from April 2005.
Utah documented one foreclosure filing for every 542 households in
April, and the state's foreclosure rate ranked as the nation's second
highest after being fourth highest the previous month. The state reported
1,418 properties entering some stage of foreclosure, a 1 percent decrease
from the previous month but a 40 percent increase from April 2005.
Texas foreclosure filings increased in April, ending two straight
months of decreases and boosting the state's foreclosure rate to one
foreclosure filing for every 582 households -- third highest among all the
states and more than twice the national average. A total of 13,829 Texas
properties entered some stage of foreclosure in April, a 16 percent
increase from the previous month and a 22 percent increase from April 2005.
Indiana and Georgia also posted foreclosure rates among the nation's
five highest and more than twice the national average in April. Indiana
reported 4,309 properties entering some stage of foreclosure, a 13 percent
decrease from the previous month but a 61 percent increase from April 2005,
and Georgia reported 5,150 properties entering some stage of foreclosure, a
33 percent decrease from the previous month but more than three times the
number reported in April 2005.
States with most new foreclosures
Texas documented the most foreclosures filings of any state for the
fifth month in a row and accounted for 15 percent of foreclosure filings
nationwide.
Despite a dip in foreclosure activity, California documented the second
most foreclosure filings of any state for the second straight month and
accounted for nearly 10 percent of the nationwide total. A total of 8,839
California properties entered some stage of foreclosure in April, a 20
percent decrease from the previous month but a 91 percent increase from
April 2005. The state's foreclosure rate of one foreclosure filing for
every 1,382 households dropped below the national average.
Florida foreclosure activity decreased for the third straight month,
but the state still documented the third most foreclosure filings of any
state, with 8,350 properties entering some stage of foreclosure. That was a
10 percent decrease from the previous month and a 21 percent decrease from
April 2005. The state's foreclosure rate of one foreclosure filing for
every 875 households continued to register above the national average and
among the nation's 10 highest state foreclosure rates.
The RealtyTrac Monthly U.S. Foreclosure Market Report provides a
graphical map that illustrates foreclosure percentiles by state (appended
to this press release or available by request), as well as the total number
of homes in some stage of foreclosure nationwide and by state over the
preceding month. Data is also available at the individual county level.
RealtyTrac's report includes properties in all three phases of foreclosure:
Pre-foreclosures -- Notice of Default (NOD) and Lis Pendens (LIS);
Foreclosures -- Notice of Trustee Sale and Notice of Foreclosure Sale (NTS
and NFS); and Real Estate Owned, or REO properties (that have been
foreclosed on and repurchased by a bank).
Below are foreclosure market statistics nationwide and by state:
State Name NODs NTSs NFSs LISs REOs Total
US 4/2006 21,244 38,238 2,833 9,071 19,782 91,168
Alabama 0 61 0 0 200 261
Alaska 5 67 0 0 12 84
Arizona 103 1,510 0 0 88 1,701
Arkansas 26 598 0 0 140 764
California 7,778 884 0 0 177 8,839
Colorado 73 2,947 0 0 686 3,706
Connecticut 1,380 21 0 0 7 1,408
Delaware 9 0 0 0 8 17
District of Columbia 0 1 0 0 12 13
Florida 0 0 1,233 6,784 333 8,350
Georgia 4 3,792 0 0 1,354 5,150
Hawaii 16 23 0 0 7 46
Idaho 47 76 0 0 67 190
Illinois 3,914 1,465 0 0 1,072 6,451
Indiana 1,402 1,664 0 0 1,243 4,309
Iowa 25 15 0 0 144 184
Kansas 128 233 0 0 75 436
Kentucky 373 33 0 0 193 599
Louisiana 17 24 0 0 40 81
Maine 1 3 0 0 9 13
Maryland 5 401 0 0 21 427
Massachusetts 19 547 0 0 9 575
Michigan 56 2,869 0 0 2,344 5,269
Minnesota 7 359 0 0 91 457
Mississippi 0 21 0 0 23 44
Missouri 26 197 0 0 776 999
Montana 4 60 0 0 11 75
Nebraska 59 14 0 0 42 115
Nevada 965 162 0 0 25 1,152
New Hampshire 0 6 0 0 6 12
New Jersey 1,218 551 0 0 166 1,935
New Mexico 468 179 0 0 56 703
New York 0 0 1,600 2,287 329 4,216
North Carolina 504 122 0 0 1,221 1,847
North Dakota 0 1 0 0 4 5
Ohio 113 2,323 0 0 2,424 4,860
Oklahoma 413 453 0 0 290 1,156
Oregon 265 597 0 0 50 912
Pennsylvania 785 1,262 0 0 381 2,428
Rhode Island 0 109 0 0 2 111
South Carolina 36 260 0 0 388 684
South Dakota 0 26 0 0 6 32
Tennessee 16 1,315 0 0 1,282 2,613
Texas 143 10,315 0 0 3,371 13,829
Utah 528 670 0 0 220 1,418
Vermont 0 3 0 0 0 3
Virginia 1 217 0 0 76 294
Washington 44 1,435 0 0 159 1,638
West Virginia 1 28 0 0 21 50
Wisconsin 266 316 0 0 107 689
Wyoming 1 3 0 0 14 18
State Name 1 in every %Change %Change
#households from from
March April '05
US 4/2006 1,268 -10 33
Alabama 7,523 48 -36
Alaska 2,443 -18 -1
Arizona 1,287 -17 -41
Arkansas 1,535 -40 36
California 1,382 -20 91
Colorado 494 -31 43
Connecticut 984 70 68
Delaware 20,181 -32 -68
District of Columbia 21,142 0 160
Florida 875 -10 -21
Georgia 601 -33 224
Hawaii 10,012 2 -37
Idaho 2,767 -11 4
Illinois 758 40 99
Indiana 586 -13 61
Iowa 6,699 -22 -8
Kansas 2,587 121 105
Kentucky 2,923 73 21
Louisiana 23,249 -33 -89
Maine 50,146 8 -7
Maryland 5,017 89 128
Massachusetts 4,560 34 51
Michigan 801 -32 396
Minnesota 4,525 -18 106
Mississippi 28,837 -40 -78
Missouri 2,440 -36 111
Montana 5,494 -46 17
Nebraska 6,248 -21 -15
Nevada 753 -22 90
New Hampshire 45,585 140 140
New Jersey 1,711 -48 -33
New Mexico 1,110 176 306
New York 1,822 6 20
North Carolina 1,906 -11 25
North Dakota 57,934 -76 -67
Ohio 984 3 58
Oklahoma 1,293 -15 -16
Oregon 1,596 56 45
Pennsylvania 2,162 -34 -25
Rhode Island 3,962 5450 5450
South Carolina 2,562 -11 -12
South Dakota 10,100 33 -9
Tennessee 938 -23 51
Texas 582 16 22
Utah 542 -1 40
Vermont 98,127 -40 -57
Virginia 9,817 10 96
Washington 1,460 -11 22
West Virginia 16,892 -33 -35
Wisconsin 3,342 40 90
Wyoming 12,436 -42 260
About RealtyTrac Inc.
Ranked as the fourth largest real estate site by Nielsen NetRatings,
RealtyTrac Inc. (http://www.realtytrac.com), is the leading online marketplace for
foreclosure properties, providing all the resources that home seekers,
investors and real estate agents need to locate, evaluate and buy
properties below market value. Founded in 1996, RealtyTrac publishes the
largest and most comprehensive national database of pre-foreclosure,
foreclosure, For Sale By Owner and new construction properties, with more
than 600,000 properties across the country, property reports, productivity
tools and extensive professional resources. RealtyTrac hosts more than 3
million unique visitors monthly and has been chosen to supply foreclosure
data to AOL Real Estate, MSN Real Estate and Yahoo! Real Estate. For more
information, visit http://www.realtytrac.com. SOURCE RealtyTrac Inc. |
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