Foreclosures rose 21 percent in 2009 compared with 2008, as nearly 3 million properties received a foreclosure filing, according to RealtyTrac?????s Year End 2009 Foreclosure Market Report.??
Foreclosure filings were reported on 349,519 U.S. properties in December, a 14 percent increase from November and a 15 percent increase from December 2008.?? Despite the increase in December, foreclosure activity in the fourth quarter decreased 7 percent compared with the third quarter, according to the report.
California continued to lead the nation in foreclosure activity by volume, with 632,573 California properties receiving a foreclosure filing in 2009.?? Following four consecutive month-over-month declines, California foreclosure activity increased approximately 9 percent in December compared with November.?? Foreclosure filings declined 17 percent in California in the fourth quarter compared with the third quarter, the report found.
??
Copyright?? 2010, California Association of REALTORS?? (C.A.R.).?? Used with permission provided by the C.A.R. Legal Department.
??
??
Google+
