National Foreclosures Up for Second Straight Month, But Still Lower Than Before Housing Bust
Florida, Nevada and Illinois led the nation in March with the highest foreclosure rates for the first quarter, while foreclosures nationally dropped to the lowest point since 2007, before the hopusing market meltdown, according to data from real estate market analyst Realty Trac and the first quarter U.S. Market Report.
Florida had the most March foreclosures of any state-one in every 104 housing units, or nearly three times the national average, ABC News reports.
Foreclosure starts across the United States increased 2 percent from February to March, the second straight monthly increase following three consecutive monthly decreases, the Realty Trac numbers indicated.
Overall, there were 152,500 foreclosures throughout the U.S. reported in March, a 1 percent drop from February and a decrease of 23 percent from the same time the year before.
The March decrease added to a lower foreclosure total for the country in the first quarter, which included default notices, scheduled auctions and bank repossessions.
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