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| Daren Blomquist |
IRVINE, CA, Feb. 13,
2014 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for
comprehensive housing data, today released its U.S. Foreclosure Market Report™
for January 2014, which shows foreclosure filings — default notices, scheduled
auctions and bank repossessions — were reported on 124,419 U.S. properties in
January an 8 percent increase from December but still down 18 percent from
January 2013.
The report also shows one in every 1,058 U.S. housing units
had a foreclosure filing during the month.
January marked the 40th consecutive month where U.S.
foreclosure activity declined on an annual basis, but the annual decline of 18
percent was the smallest annual decline since September 2012, and the 8 percent
monthly increase was the biggest month-over-month increase since May 2012.
“The monthly increase in January foreclosure activity was
somewhat expected after a holiday lull, but the sharp annual increases in some
states shows that many states are not completely out of the woods when it comes
to cleaning up the wreckage of the housing bust,” said Daren Blomquist,
vice president at RealtyTrac.
“The foreclosure
rebound pattern is not only showing up in judicial states like New Jersey,
where foreclosure activity reached a 40-month high in January, but also some
non-judicial states like California, where foreclosure starts jumped 57 percent
from a year ago, following 17 consecutive months of annual decreases.”
For a complete copy of the company’s news release, please
contact:
Jennifer von Pohlmann
PR Manager
Office: 949.502.8300 ext 139
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