COMPLETED FORECLOSURES: Foreclosure listing firm RealtyTrac says that the number of U.S. homes repossessed by banks fell 4 percent last month from December and 40 percent from a year ago. Completed foreclosures increased in a dozen states.
FORECLOSURE STARTS: The number of homes that entered foreclosure jumped 10 percent in January from December. Foreclosure starts were down 12 percent from January 2013, but increased on an annual basis in 22 states.
OUTLOOK: The state-level increase in foreclosure starts raises the likelihood that those states will see a surge in foreclosed homes later this year.
No comments:
Post a Comment