August 14, 2008
WASHINGTON (AP) -- The decline in the housing market continues to deliver bad news.
The number of foreclosure filings grew by 8 percent last month compared to June. That's also up 55 percent compared to July of last year.
RealtyTrac Incorporated says more than 272,000 homes received at least one foreclosure-related notice in July. That comes out to one out of every 464 U.S. households.
RealtyTrac monitors default notices, auction sale notices and bank repossessions.
More than 77,000 properties were also repossessed in July.
The highest foreclosure rates are found in Nevada, California, Florida, Arizona, Ohio, Georgia and Michigan.
Forty-two states saw foreclosure filings increase compared to a year ago.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.