NEW FORECLOSURES RISE; TOTAL INVENTORY REMAINS STABLE IN OCTOBER

Posted by kristal on November 10th, 2005

According to data released today by Foreclosure.com, 87,794 foreclosed residential properties were available for sale in the United States during October–almost unchanged from September. The total number of new foreclosures listed for sale in October–21,998– increased 8% from September. The re-listing of available HUD-owned properties in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Oklahoma, South Carolina, Tennessee and Texas, resulted in the increase of new foreclosures in October. "Foreclosure levels in the U.S. remain low compared to the beginning of this year," said Brad Geisen, president and CEO, Foreclosure.com. "While there are still pockets of increasing inventory in the Midwest and Northwest, foreclosure levels in most of the country have remained flat during the past six months." (Source: RisMedia) Full story . . .

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