The Loudoun Times has some foreclosure news:
"Loudoun in July saw a 54 percent increase in foreclosure filings from the same month in 2007,according to new data from California-based RealtyTrac.com. . . . Foreclosure paperwork was filed against one out of every 169 homes in Loudoun in July, a rate second in the state only to Prince William County, which saw a rate of one out of every 103 homes".The article goes on to point out that sales increased with falling prices, which we already knew here.
July foreclosure rates:
Prince William: 1 out of every 103 houses
Loudoun: 1 out of every 169 houses
Fairfax: 1 out of every 226 houses
National average: 1 out of every 464 houses
3 comments:
...with Fairfax close behind Loudoun.
Does anyone have earlier numbers in that format for PWC? I mean, 1 foreclosure for every X number of houses? I cannot find my accounting of the foreclosure rate, but I feel like it is getting worse rather than better.
Thanks!
Wow...that's quite an uptick...looks like it'll be a while before we 'find the bottom'.
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