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Exact(29)
One is the increase in foreclosures.
There are still 25 states that saw an increase in foreclosures, with Florida leading the pack.
These days, however, there is movement in the market — propelled by a slight increase in foreclosures.
An increase in foreclosures will drive up the glut of homes for sale.
But almost no housing market was spared some decline in prices and increase in foreclosures.
Analysts fear that an increase in foreclosures will only add to the inventory overhang, pushing prices down further.
Similar(31)
" We don't see it getting much better before it gets a little bit worse". Only seven states escaped a year-on-year increase in foreclosure activity.
With foreclosure starts again increasing now that the National Foreclosure Settlement has been approved by the courts, we do expect some increase in foreclosure liquidations in the back half of this year, although lenders are being more aggressive in pursuing foreclosures alternatives for homes in the pipeline.
In 2015, North Dakota saw a 387percentt increase in foreclosure rates.
Experts and real estate professionals said the increase in foreclosure activity also has to do with the steadying housing market.
Last month Tampa itself had the ninth highest foreclosure rate of any city in the country -- and recorded the highest increase in foreclosure activity in the country in the first half of 2012 (47 percent).
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