Foreclosure #’s – Better Than they Seem?by Tim Manni
According to RealtyTrac.com, foreclosures have risen 14% from the first to second quarter of 2008, marking their eighth consecutive quarterly climb. More than doubling since last year, foreclosures have risen 121% on a year-over-year basis.
What struck me as interesting was that according to a July 10 press release from RealtyTrac, foreclosure filings actually decreased 3% in June from the previous month. These numbers suggest that things have improved more than the quarter-to-quarter or year-over-year numbers would have you believe.