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One in every 466 US houses in foreclosure

Staff Reporter 3 minute read

Foreclosures in the United States recovered in January but still remain comparatively high, figures released overnight show.

According to RealtyTrac – a US-based housing data provider – 274,399 foreclosure filings were reported across the country in January.

This was a 10 per cent decline from December but still 18 per cent up on January 2008.

The company said this translated to one in every 466 housing units.

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RealtyTrac CEO James J. Saccacio said the drop in foreclosures in January showed extensive measures from lenders and government agencies appeared to have offered some relief.

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One in every 466 US houses in foreclosure
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