In its latest report, RealtyTrac saw lower foreclosure filings for the month of May. With a decline of 6%, this translates to 321,480 U.S. properties filed. It also adds 1 in every 398 housing units received a filing last month. The leaders in foreclosure remain Nevada, California, and Florida.
Nevada continued to document the nation’s highest foreclosure rate, with one in every 64 housing units receiving a foreclosure filing during the month — more than six times the national average.
With one in every 144 housing units receiving a foreclosure filing during the month, California posted the nation’s second highest state foreclosure rate despite a 4 percent decrease in foreclosure activity from the previous month.
Florida posted the third highest state foreclosure rate in May, with one in every 148 housing units receiving a foreclosure filing during the month.
Here’s a rather bloody graph exhibiting the level of foreclosures in each state, also from RealtyTrac: