According to a recent write up by
RealtyTrac for May 2012, it has revealed recently the Top Metros in the US with
the highest foreclosure rate during the month of May. The report and data they
gathered were part of their monthly foreclosure activity report that included 2,200
counties in the whole US which is around 90% of the total US population.
May had been reported to have
dropped about 4% in foreclosure activities since May 2011. It has been the 20th
straight month was recorded for the Y-O-Y report. However, RealtyTrac also
clarified that even though foreclosure activity for May fall to 4%, they have
forecast a climbing stage of foreclosure of about 200,000 for the first time in
3 months – and other say that it would surely bring about a bit of change as
well in the whole housing market, including licensing of realtors for
different states.
