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IRVINE, CA—US residential foreclosure filings increased 2% in July from the previous month, but are still down 16% from a year ago, according to a report from RealtyTrac. Foreclosure filings were reported on 109,434 US properties in July, and one in every 1,203 US housing units had a foreclosure filing during the month, the firm reports.
The findings essentially erase the foreclosure gains seen in June. As GlobeSt.com reported last month, total US residential foreclosure activity decreased during the month of June by 2% from the previous month and was down 16% from a year ago to the lowest level since July 2006, according to a report from RealtyTrac. US properties with foreclosure filings in the first half of 2014 decreased 19% from the previous six months and 23% from the first half of 2013.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
