Statistics: National Foreclosures Decrease 16 Percent In Second Quarter, Colorado Tops List
Statistics: National Foreclosures Decrease 16 Percent In Second Quarter, Colorado Tops List
[The] 2006 Q2 U.S. Foreclosure Market Report, which shows that 272,109 properties nationwide entered some stage of foreclosure in the second quarter of 2006, a 16 percent decrease from the previous quarter but still a 25 percent year-over-year increase from the second quarter of 2005. The nation’s second-quarter foreclosure rate of one new foreclosure for every 425 U.S. households was higher than in any quarter of last year.
Colorado’s second-quarter foreclosure rate of one new foreclosure filing for every 158 households ranked as the nation’s highest, leapfrogging past Georgia’s foreclosure rate, which was highest in the first quarter. Colorado reported 11,599 properties entering some stage of foreclosure during the second quarter, a 13 percent decrease from the previous quarter but a 48 percent year-over-year increase from the second quarter of 2005.
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