Foreclosures up 60% in January - Not the Peak Yet - Joseph Lazzaro (BloggingStocks)

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Foreclosures up 60% in January - Not the Peak Yet
Mar 16, 2008 09:10 PM UTC

Joseph Lazzaro (BloggingStocks)

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3/13 - "Home foreclosure activity dipped 4% in February 2008, as fewer default notice, auction sales notices and bank repossessions were reported than the previous month. However, overall activity remains 60% higher than a year ago, research firm RealtyTrac announced Thursday.

From February 2006 to February 2007 foreclosure activity rose 19%, RealtyTrac said."

"RealtyTrac said the 60% increase in foreclosure activity indicates that the nation still has not reached the peak of foreclosure activity in this housing cycle; the view from here is that the conclusion is reasonable."

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