Real Estate and Foreclosure Homes Improve a Bit

25th July can be considered as one of the worst days in real estate and foreclosure history of United States of America, when the reports came out suggesting the way the nation is hit by the increasing number of repossessed homes. 739,714 properties were shown to be in some form of foreclosure activity in the second quarter with a 14% increase from the first quarter this year and 121% increase from the second quarter last year. It is really shocking to know that one home out of every 171 homes in the United States is filed for foreclosure this quarter.

Washington foreclosure homes also seem to be on a rise. The total number of Washington foreclosures came out to be 7,720 this quarter as compared to 6,630 in the first quarter, though there has been a slight improvement in the rate. One home in every 350 households was a foreclosure home in Washington this quarter as compared to 407 homes in the previous quarter this year. What is strange with the decreasing rate is Washington foreclosure homes is that they ranked 24th in the first quarter this year while they rank 26th in the second quarter, showing a little deterioration when compared to other states.

The hardest hit counties and showing the worst rate of Washington foreclosures are Cowlitz, Pierce, Clark, Franklin, Adams and Snohomish. Cowlitz showed maximum 95 foreclosure homes with one in every 431 homes being a foreclosure. While certain counties like Walla Walla and Whitman showed only one distressed property. Looking at the overall scenario of Washington foreclosure homes, they are actually not leading the race since most of the counties are not so badly hit by the foreclosure activity.

Washington foreclosures are not the only ones to be blamed for the overall reports. 96% of the states and 95% of the biggest metropolitan cities and areas have shown a consistent increase in the foreclosure activity over a period of years. As far as the rates are concerned, the national race is won by Nevada with one foreclosure home in every 43 households followed by California, Arizona and Florida.

Related Posts:

• Arizona foreclosure homes: One by seventy
• Foreclosure Danger in Nevada
• Maryland Foreclosure Homes Sales on a High
• High Number of Repo Houses for Sale in D.C. Area
• Government Helping New York Foreclosure Homes