New Foreclosure Inventory in U.S. Rises Nearly Fifty Percent in March
New Foreclosure Inventory in U.S. Rises Nearly Fifty Percent in March
RISMEDIA, April 7 – Some 28,190 new foreclosed residential properties were listed for sale in the U.S. during March 2005, reports Foreclosure.com.
The number represents an increase of 50 percent from February 2005. The total number of U.S. residential foreclosure properties available for sale in the U.S. during the month of March was 80,757, an increase of 10 percent from February.
"New foreclosure inventory rose in 47 states in March. This signifies a national trend in foreclosure inventory and can likely be attributed to the rise in interest rates during the latter half of 2004, and a slowdown in the trend of rising home values in the fourth quarter of 2004," said Brad Geisen, president and CEO, Foreclosure.com. "Foreclosures are most prevalent in areas of the country where home values are not rising, such as Ohio, Texas, South Carolina and Michigan. However, if the combination of rising interest rates and dropping home values continues, foreclosure inventory will likely continue to rise across the country."
ALASKA Total Properties: 66 New Foreclosures: 31
ALABAMA Total Properties: 2078 New Foreclosures: 747
ARKANSAS Total Properties: 808 New Foreclosures: 240
ARIZONA Total Properties: 609 New Foreclosures: 231
CALIFORNIA Total Properties: 129 New Foreclosures: 58
COLORADO Total Properties: 2831 New Foreclosures: 1070
CONNECTICUT Total Properties: 192 New Foreclosures: 79
DISTRICT OF COLUMBIA Total Properties: 22 New Foreclosures: 12
DELAWARE Total Properties: 94 New Foreclosures: 40
FLORIDA Total Properties: 1319 New Foreclosures: 550
GEORGIA Total Properties: 6465 New Foreclosures: 2357
HAWAII Total Properties: 9 New Foreclosures: 3
IOWA Total Properties: 1027 New Foreclosures: 343
IDAHO Total Properties: 491 New Foreclosures: 138
ILLINOIS Total Properties: 2496 New Foreclosures: 910
INDIANA Total Properties: 4602 New Foreclosures: 1545
KANSAS Total Properties: 1072 New Foreclosures: 389
KENTUCKY Total Properties: 1507 New Foreclosures: 461
LOUISIANA Total Properties: 1128 New Foreclosures: 401
MASSACHUSETTS Total Properties: 122 New Foreclosures: 45
MARYLAND Total Properties: 641 New Foreclosures: 334
MAINE Total Properties: 112 New Foreclosures: 40
MICHIGAN Total Properties: 6480 New Foreclosures: 2390
MINNESOTA Total Properties: 785 New Foreclosures: 276
MISSOURI Total Properties: 2523 New Foreclosures: 927
MISSISSIPPI Total Properties: 1178 New Foreclosures: 353
MONTANA Total Properties: 143 New Foreclosures: 47
NORTH CAROLINA Total Properties: 4244 New Foreclosures: 1228
NORTH DAKOTA Total Properties: 74 New Foreclosures: 29
NEBRASKA Total Properties: 516 New Foreclosures: 176
NEW HAMPSHIRE Total Properties: 52 New Foreclosures: 16
NEW JERSEY Total Properties: 446 New Foreclosures: 183
NEW MEXICO Total Properties: 697 New Foreclosures: 258
NEVADA Total Properties: 186 New Foreclosures: 49
NEW YORK Total Properties: 2039 New Foreclosures: 714
OHIO Total Properties: 7518 New Foreclosures: 2470
OKLAHOMA Total Properties: 1385 New Foreclosures: 488
OREGON Total Properties: 659 New Foreclosures: 242
PENNSYLVANIA Total Properties: 3606 New Foreclosures: 1244
RHODE ISLAND Total Properties: 6 New Foreclosures: 2
SOUTH CAROLINA Total Properties: 2615 New Foreclosures: 800
SOUTH DAKOTA Total Properties: 124 New Foreclosures: 62
TENNESSEE Total Properties: 3265 New Foreclosures: 1107
TEXAS Total Properties: 9996 New Foreclosures: 3645
UTAH Total Properties: 990 New Foreclosures: 385
VIRGINIA Total Properties: 709 New Foreclosures: 243
VERMONT Total Properties: 26 New Foreclosures: 11
WASHINGTON Total Properties: 1076 New Foreclosures: 340
WISCONSIN Total Properties: 1067 New Foreclosures: 344
WEST VIRGINIA Total Properties: 447 New Foreclosures: 113
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