Washington DC's Foreclosure Up 1.7% from 2008

Image via Wikipedia

The second wave of foreclosures? The first wave was because of toxic loans. The second, (I believe) this has something to do with job losses.

The Washington region ranked 48 out of 203 metro areas with 56,347 foreclosure notices in 2009, for a rate of 2.6 percent of housing units. That’s up 1.7 percent from 2008.

The Baltimore area ranked 108 out of 203 metro areas examined in RealtyTrac’s report. There were 15,064 properties that received foreclosure notices in 2009, or nearly 1.4 percent of the region’s housing market, up 27.9 percent from the year before and 88.7 percent from 2007.

[via Washington Business Journal]

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Comments

[Tony Cartman]

Let's see if 2010 will deserve more numbers than last year. Washington has it's importance to the country and situation must be controlled

[360 condo]

Fantastic real estate blog post! Pictures are worth thousands of words, it’s nice to see the attention to detail from your end. Thanks