According to RealtyTrac Inc., the foreclosure rate in NC rose 8% in July 2009 from June 09. Over 3400 homes were involved in the foreclosure process in July. This translates to 1 out of every 1200 households. But this is only part of the story.
Nationwide, foreclosures rose 7% in July, jumping 32% from July 2008. But this is only part of the story.
The real story: North Carolina foreclosures FELL 20% from July 2008 to July 2009. Real estate is local! As bad as we think we have it, those of us who live here are blessed to live in NC. In Nevada, 1 of every 56 households received a foreclosure filing in July. They had the highest foreclosure rate in the country for the 31st consecutive month.
This information was taken from The Business Journal of the Greater Traid Area/American City Business Journals Inc.
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