March 2014
| Business World Magazine | 13
U.S. Foreclosure Activity
Rises 8 Percent
SHARP INCREASES IN FORECLOSURE STARTSAND
SCHEDULEDAUCTIONS
RealtyTrac’s U.S. Foreclosure Market Report
for January shows foreclosure filings – de-
fault notices, scheduled auctions and bank
repossessions – were reported on 124,419
U.S. properties in January, an 8-percent in-
crease fromDecember but still down 18 per-
cent from January 2013.
The report also shows one in every 1,058
U.S. housing units had a foreclosure filing
during the month.
January marked the 40th consecutive
month where U.S. foreclosure activity de-
clined on an annual basis, but the annual
decline of 18 percent was the smallest since
September 2012, and the 8-percent monthly
increase was the biggest month-over-month
increase since May 2012.
“The monthly increase in January foreclo-
sure activity was somewhat expected after a
holiday lull, but the sharp annual increases
U.S. FORECLOSURE ACTIVITY INCREASES 8 PERCENT IN JANUARY DRIVEN
BY DOUBLE-DIGIT PERCENTAGE INCREASES IN FORECLOSURE STARTS
AND SCHEDULED FORECLOSURE AUCTIONS
