facebook
twitter
rss
account
search
search

RealtyTrac: Foreclosures simmering

Nov. 10, 2011 at 7:36 PM   |   Comments

IRVINE, Calif., Nov. 10 (UPI) -- Online properties brokers RealtyTrac said Thursday foreclosures in the third quarter affected one in every 213 U.S. housing units.

Foreclosures in the third quarter rose less than 1 percent from the second quarter and fell 34 percent from the third quarter of 2010.

RealtyTrac said foreclosure activity was at a "slow burn."

Foreclosure activity, which includes homes listed on default notices, repossessed by banks or with auctions scheduled, were reported on 214,855 homes in September, a 6 percent decline from August and a 38 percent decline from September 2010, RealtyTrac said.

"While foreclosure activity in September and the third quarter continued to register well below levels from a year ago, there is evidence that this temporary downward trend is about to change direction, with foreclosure activity slowly beginning to ramp back up," said James Saccacio, chief executive officer of RealtyTrac.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended Stories
Most Popular
1
Army receives first advanced CH-47F helicopter variant
2
Iraq seeks U.S. missiles, helicopter support
3
U.S. Judge: Microsoft has to hand over emails stored abroad
4
French Army flight tests latest Tiger attack helo
5
Michigan company to upgrade Army's Bradley Fighting Vehicles
Trending News
Video
x
Feedback