Connecticut Foreclosures Increase 2 Percent in June
By RealtyTrac Staff
According to RealtyTrac™ U.S. Foreclosure Market Report
Activity Up 125 Percent From June 2006
IRVINE, Calif. - July 31, 2007 - Connecticut reported 2,386 foreclosure filings in June, a 2 percent increase from the previous month, and 125 percent above the number reported in June 2006, according to the latest RealtyTrac® U.S. Foreclosure Market Report.
RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1 million properties from nearly 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal's Real Estate Journal.
"Home appreciation in Connecticut has been declining after two years of steady growth," said James J. Saccacio, chief executive officer of RealtyTrac. "The state's foreclosure activity is not only up compared to last month, but also well above the level seen last year."
Connecticut ranked 16th in the country in total foreclosures reported for June. The state's foreclosure rate of one new foreclosure filing for every 581 households ranked ninth among the 50 states.
New Haven County leads all in foreclosure activity for June
New Haven County led the state in foreclosure activity for June, reporting 689 foreclosure filings. Fairfield County reported the second highest county total with 580 foreclosure filings. Hartford County came in third with 552 foreclosure filings for the month.
New Haven County posts highest foreclosure rate
New Haven County posted the highest foreclosure rate in the state, with one foreclosure filing for every 495 households - 1.2 times the state average and 1.4 times the national average. Windham County posted the second highest foreclosure rate in the state, with one foreclosure filing for every 543 households - 1.1 times the state average and 1.3 times the national average. Fairfield County posted the third highest foreclosure rate, with one foreclosure filing for every 585 households.
State a contributor to national total Total foreclosure filings in Connecticut accounted for 1 percent of the 164,644 foreclosure filings nationwide in June. The national total was down 7 percent from the previous month but still up 87 percent from June 2006. The nation's foreclosure rate decreased to one foreclosure filing for every 704 U.S. households for the month.
The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings - both nationwide and by state - over the preceding month. RealtyTrac's report includes properties in all three phases of foreclosure: Defaults - Notice of Default (NOD) and Lis Pendens (LIS); Auctions - Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank).
Connecticut Foreclosure Market by County - June 2007
| County | NOD | NTS | NFS | LIS | REO | Total | 1 in every # households | /National Average | /State Average |
| United States | 36,048 | 51,492 | 12,488 | 38,247 | 26,369 | 164,644 | 704 | n/a | n/a |
| Connecticut | 0 | 204 | 145 | 1,865 | 172 | 2,386 | 581 | 1.21 | n/a |
| Fairfield | 0 | 63 | 49 | 445 | 23 | 580 | 585 | 1.20 | 0.99 |
| Hartford | 0 | 50 | 27 | 433 | 42 | 552 | 640 | 1.10 | 0.91 |
| Litchfield | 0 | 2 | 5 | 112 | 10 | 129 | 614 | 1.15 | 0.95 |
| Middlesex | 0 | 9 | 8 | 83 | 7 | 107 | 629 | 1.12 | 0.92 |
| New Haven | 0 | 67 | 44 | 539 | 39 | 689 | 495 | 1.42 | 1.17 |
| New London | 0 | 1 | 3 | 145 | 39 | 188 | 589 | 1.20 | 0.99 |
| Tolland | 0 | 12 | 6 | 39 | 3 | 60 | 860 | 0.82 | 0.68 |
| Windham | 0 | 0 | 3 | 69 | 9 | 81 | 543 | 1.30 | 1.07 |
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