Foreclosures Dip 4 Percent in February, 2008 : The Real Estate Bloggers

Foreclosures Dip 4 Percent in February, 2008

March 14th, 2008 • Related • Filed Under

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Foreclosures for the month of February, 2008 dipped 4 percent from January’s number but still were up a whopping 60 percent over February, 2007. The number while heartening also show that the foreclosure crisis is still going on.

The top states with the highest foreclosures follow the trend of where the housing bubble tracked as markets absorb the additional inventory and speculators and extended borrowers are chased out.

Click on the foreclosure map to see a larger version.

Foreclosure-map-Feb-2008

Related posts:
  1. Top 10 States for Foreclosures in August, 2007
  2. FHA Waives 90 Day Financing Rule For Foreclosures and Other Properties
  3. Nationwide Home Sales Drop In February, 2007
  4. Housing Sales in Tampa and Florida Slump in February
  5. Top 10 States for Foreclosures in July, 2007



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There Is 1 Response So Far. »

  1. Comment by brett on 16 March 2008:

    I can’t tell you how many people have said “Foreclosures are up 60 percent!” to me. Glad some one else knows how to read month over month data (or write a headline). I think the press release also said the drop was due to “seasonality,” whatever that implies.

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