Real Esate Blog

February 22nd, 2009 1:23 AM
RealtyTrac report states foreclosures climbed 81% in 2008 vs 2007. Nevada led the country in total foreclosures posting a 126% increase or 1 in 14 homes going into foreclosure. Florida was second with 385,309 foreclosures, a 113% increase and Arizona was third with 116,911 foreclosed properties, a 203% increase over 2007. Georgia was down the list but still made it into the top 10. These are staggering figures when you consider 2007 was a bad year to begin with. More are expected as the economy goes down and more people are losing jobs. Not a pretty picture!

Posted by Phil Turner on February 22nd, 2009 1:23 AM

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