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.
No related posts.
{ 1 comment… read it below or add one }
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.