Thursday, June 13, 2013

Up again?

"Although the housing market is recovering in many regions, new research suggests there’s still some cause for concern: Foreclosures are on the rise again. After hitting a 75-month low in April, U.S. foreclosures rose 2% in May and bank repossessions jumped 11%, according to data released Thursday by RealtyTrac, a real-estate data firm. The increase comes after five straight months of declines. The good news is that May’s drop aside, foreclosures are still down 28% for the year, thanks to stronger markets in Arizona, California, Georgia and Michigan."