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 photo credit: Truthout.org
We have all felt, in one way or another, the economy going in a negative direction. As if we needed them, there are indicators such as foreclosure activity on the rise, happening in many sectors and in many parts of the country. There are a few different areas to look into, foreclosures filings, default notices, scheduled auctions, and bank repossessions. The numbers in most of these areas have increased over the past eighteen months.
RealtyTrac came out with a new report stating that all of these sections rose 4 percent in August from the month before. Again, this news doesnt surprise anyone; we have all felt it for quite a while now. Foreclosure activity has now exceeds 300,000 properties for the 18th month in a row, reaching 338,836. Although the foreclosure numbers are quite high, they are down 5 percent from 2009.
Peaking in April 2009, the only section that saw a decrease was the notices of default, which saw a month-to-month or year-to-year decrease of 1 percent from July and 30 percent from August 2009. Lets hope we see more of the foreclosure notices and filings decreases in the near future.
Read the full article from Inman News
Posted on September 17, 2010 11:03:28 by  IPTV.Boyz
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