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Housing industry & rise in foreclosed properties
Housing industry & rise in foreclosed properties
Click link to see Video: http://www.presstv.ir/Program/241319.html
First quarter foreclosure activity increased from the previous quarter in 26 out of the nation’s 50 largest metro areas.
Stockton, Calif., posted the nation’s highest metropolitan foreclosure rate in the first quarter, it said. One in every 60 housing units in the Stockton metro area had a foreclosure filing during the quarter - more than three times the national average.
There were a total of 3,912 Stockton properties with foreclosure filings in the first quarter, down 13 percent from the fourth quarter of 2011 and down 19 percent from the first quarter of 2011.
For the year, foreclosure activity is down in 64% of metro areas despite the quarterly increase in more than half of the metro areas tracked in the report.
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