The State of Pennsylvania has reported 2,900 foreclosure filings for March 2008, a 20% spike from Feb’08, and a decrease of 1% from the same time last year. According to a report published by RealtyTrac U.S. Foreclosure Market Report, foreclosed homes Pennsylvania are increasing as the unemployment rate in the state has risen quite a bit through the past year.
For foreclosures by state, Pennsylvania ranks # 21 nationwide and has reported one foreclosure for every 1,880 PA households. Currently the foreclosure rate for Pennsylvania is ranked at 33rd rank amongst the 50 states in the U.S. of A. The bulk of Pennsylvanian’s foreclosure activity can be attributed to the top five counties including Philadelphia, Allegheny, York, Dauphin, and Montgomery Counties. These 5 counties account for 69% of foreclosure homes in the state for March 2008.
Philadelphia County notched the top position for the highest foreclosure rate with 719 filings; following closely is Allegheny County with 682 properties; while York County and Dauphin County reported 241 and 197 foreclosure filings respectively. Montgomery County, which is ranked fifth, with 174 foreclosure filings, rounds off the top 5 counties in the State for foreclosure.
Dauphin County showed the highest foreclosure rate for March 2008. One foreclosure per 588 Dauphin County households was 3.2 times more than the state’s average for foreclosure filings for March 2008. Behind Dauphin County was York County with one per 712 households, and Allegheny County with one per 866 households. Pennsylvania accounts for a total of 1% of the national total foreclosure rate for March.
Whether it were tax foreclosure homes, or bank foreclosure homes, Pennsylvania had 234, 685 property owners filing for foreclosure in March alone.
For foreclosures by state, Pennsylvania ranks # 21 nationwide and has reported one foreclosure for every 1,880 PA households. Currently the foreclosure rate for Pennsylvania is ranked at 33rd rank amongst the 50 states in the U.S. of A. The bulk of Pennsylvanian’s foreclosure activity can be attributed to the top five counties including Philadelphia, Allegheny, York, Dauphin, and Montgomery Counties. These 5 counties account for 69% of foreclosure homes in the state for March 2008.
Philadelphia County notched the top position for the highest foreclosure rate with 719 filings; following closely is Allegheny County with 682 properties; while York County and Dauphin County reported 241 and 197 foreclosure filings respectively. Montgomery County, which is ranked fifth, with 174 foreclosure filings, rounds off the top 5 counties in the State for foreclosure.
Dauphin County showed the highest foreclosure rate for March 2008. One foreclosure per 588 Dauphin County households was 3.2 times more than the state’s average for foreclosure filings for March 2008. Behind Dauphin County was York County with one per 712 households, and Allegheny County with one per 866 households. Pennsylvania accounts for a total of 1% of the national total foreclosure rate for March.
Whether it were tax foreclosure homes, or bank foreclosure homes, Pennsylvania had 234, 685 property owners filing for foreclosure in March alone.
No comments:
Post a Comment