Monday, May 08, 2006

Foreclosures rocketing

RealtyTracâ„¢ (, the leading
online marketplace for foreclosure properties,
today released its 2006 Q1 U.S. Foreclosure
Market Report, which showed that 323,102
properties nationwide entered some stage of
foreclosure in the first quarter of 2006, a 38
percent increase from the previous quarter and a
72 percent year-over-year increase from the first
quarter of 2005. The nation’s quarterly
foreclosure rate of one new foreclosure for every
358 U.S. households was higher than in any
quarter of last year.

State by state details.