The number of U.S. homes in foreclosure jumped 9 percent in May from the previous month. The sharp increase in homeowners who can not repay their mortgages follows around two years of slow improvements in the battered U.S. housing market. Thursday’s report comes from a company called RealtyTrac, which monitors foreclosures across the country. RealtyTrac […]
Some Progress Untangling US Foreclosure Mess
Posted August 24th, 2011 at 12:00 pm (UTC-5)
Foreclosed homes made up a slightly smaller proportion of total U.S. home sales in April, May, and June. RealtyTrac, a business research group, says foreclosed homes made up 31 percent of all U.S. residential sales in the second quarter of 2011. While that is a substantial proportion, it is down more than 5 percentage points […]
US Foreclosures Fall in May
Posted June 16th, 2011 at 2:25 am (UTC-5)
The number of U.S. homes seized by banks fell in May as processing delays impeded foreclosures. Banks took control of nearly 67,000 homes in May. That total is down four percent from April, and a drop of 29 percent from a year ago. RealtyTrac reports that Nevada again has the nation’s highest foreclosure rate with […]
