Foreclosures were down 8 percent in September compared with August when they hit a 32-month peak. However, foreclosures are still up 99 percent compared to September a year ago.
There were 223,538 foreclosures in September — or one in every 557 households. California, Florida, and Nevada led the nation, according to RealtyTrac, an online market for foreclosure properties. Other states with foreclosure rates ranking among the nation’s 10 highest were Michigan, Arizona, Georgia, Ohio, Colorado, Texas, and Indiana.
In 39 states, foreclosures fell in September.
Massachusetts had the 14th-highest number of foreclosures in September, 2007: 3,491; one for every 770 households. This was a drop of 22.88% from August, 2007, but 27.46% higher than September, 2006.
Source: Foreclosures Drop in September, but Still Up 99% for Year – By Al Yoon, Reuters News and RealTrac, by way of Realtor.org
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