Foreclosure Activity Increased 5% in the 3rd quarter of 2009 (RealtyTrac, October 15, 2009)
Foreclosure filings in the 3rd quarter of 2009 were up 5% from the previous quarter, and 23% from the 3rd quarter in 2008. One in every 136 U.S. housing units received a foreclosure filing during the quarter. The highest foreclosure rates were in Nevada, Arizona and California. Foreclosure filings in Nevada were nearly 6 times the national average. Together, 6 states (California, Florida, Arizona, Nevada, Illinois and Michigan) accounted for 62 percent of the nation's total foreclosure activity in the third quarter.
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