Jun
15

Foreclosures up 29% across South Carolina in May

By
– Columbia Regional Business Report

Statewide foreclosure numbers were up in May compared to the same month last year, but the rate of increase was lower, year-over-year, than in April.

Real estate tracking firm RealtyTrac’s monthly U.S. Foreclosure Market Report, which came out Thursday, showed South Carolina had a 29.22% year-to-year increase in foreclosure filings for May compared to May 2009. Last month, statewide numbers showed a 36.21% increase.

National numbers show an increase of less than 1% in homes facing distress compared with 2009. Foreclosures were down 3.27% compared with April numbers across the United States. Year-over-year numbers in most of South Carolina’s larger counties, aside from Greenville County, saw significant gains.

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    Categories : South Carolina News

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