Tuesday, February 26

Home Foreclosure Rates Continue Astronomical Climb

According to RealtyTrac, 45,327 homes in the US that were foreclosed and auctioned off in January. 278 of those homes are here in Iowa.

Nationally the foreclosure rate in January jumped 57% (as compared to January of 2007)with Nevada, California, Florida, arizona, and Colorado leading the pack. Iowa is #34.

This upward trend is 8% higher than December of 2007.

if you missed the report in the Des Moines Register about rural homeowners in danger of foreclosure, check this out.

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