Midstate mixed on foreclosures
Once again, the news was pretty good last week on national home foreclosures.
Filings last month fell by 7 percent compared with December and 28 percent from January 2012, according to California-based foreclosure listing firm RealtyTrac Inc.
One in every 869 housing units had a foreclosure filing during the month.
Not great, but not too bad. We're still talking nearly 151,000 filings in a month.
By comparison, one in every 468 housing units in York County had a filing in January. That was the highest in the state, RealtyTrac said.
Ouch. But it's not all bad in York County residential real estate.
The next-closest foreclosure rate in Central Pennsylvania was Dauphin County, at one in every 3,156 units.
York County continues to struggle with a high volume of foreclosure filings. There were 380 in January, according to RealtyTrac.
At the close of 2012, York and Dauphin counties had the highest rates locally.
It's only one month for 2013, so we'll see how it shapes up by year's end.
York County's foreclosure filings grew by 230 percent from December and about 132 percent from January 2012, RealtyTrac said.
Cumberland County was up 100 percent in January from December with 12 filings. It had the lowest rate in the five-county region at one in every 8,255 units, according to RealtyTrac.
Dauphin County had 38 filings, which was down 74 percent from December. Lancaster County had 58 filings, or one in every 3,478 units. That was down about 74 percent from December.
Lebanon County had nine filings, or one in every 6,143 units. That was down 80 percent from December.
There were 64,773 foreclosure starts nationally in January. That was down 11 percent from December and was the lowest level since June 2006, RealtyTrac said.
Bank repossessions decreased 5 percent for the month at 50,453 — the lowest level since February 2008.
By comparison, Pennsylvania posted 988 starts in January — a 15 percent increase from December — and 990 repossessions, which was up about 1 percent.
Is the tide turning?
Jason Scott covers state government, real estate, media and marketing, and Dauphin County. Have a tip or question for him? Email him at firstname.lastname@example.org. You can also follow him on Twitter, @JScottJournal.