IRVINE, CA-As GlobeSt.com reported earlier today, nearly 1.5 million US properties were actively in the foreclosure process or bank-owned in the first quarter of 2013, up 9% from the Q1 2012 but still down 32% from the peak of 2.2 million in December 2010, according to the first-ever US Foreclosure Inventory Analysis by RealtyTrac, a locally based online marketplace for foreclosure properties and real estate data. The report also shows that California had the second-largest decrease in foreclosures among the states during the quarter.
RealtyTrac has also released its latest interactive heat map, which allows viewers to roll over different areas of the country to view the number of foreclosures and the number of new foreclosures as a percentage of the housing market during February (see below).
In addition, the chart below shows the top ten states with the highest number of new foreclosures in February. Florida tops the list, followed by California. *Chart courtesy of RealtyTrac.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
