Bob, here is an article supporting your observation of increased foreclosure activity.
“We have got a ways to go folks. Save your money for the biggest RE clearance sales in history. We are on track to double the foreclosures from 2008 (2.3 million) to 2009 (4+million)
Check the Realty Trac 2009 March stats.
at -http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/04-16-2009/0005006887&EDATE=
U.S. Foreclosure Activity Up 24 Percent From Q1 2008
March Activity Up 17 Percent From February, 46 Percent From March 2008
IRVINE, Calif., April 16 /PRNewswire/ — RealtyTrac(R) (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report(TM) for Q1 2009, which shows that foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 803,489 properties in the first quarter, a 9 percent increase from the previous quarter and an increase of nearly 24 percent from Q1 2008. One in every 159 U.S. housing units received a foreclosure filing during the quarter.
Five states account for nearly 60 percent of nation’s first quarter total
California, Florida, Arizona, Nevada and Illinois accounted for nearly 60 percent of the nation’s foreclosure activity in the first quarter, with 479,516 properties receiving foreclosure filings in the five states combined.
With 230,915 properties receiving foreclosure filings during the quarter, California accounted for nearly 29 percent of the nation’s total. The state’s foreclosure activity increased 35 percent from the previous quarter and 36 percent from Q1 2008, and the first-quarter total was state’s highest quarterly total since RealtyTrac began issuing its report in the first quarter of 2005.”
