Foreclosures Increase for Second Straight Month in a Row

7382239368_ba418d5b73_qIt is not unusual for foreclosures to increase in October as banks try to clean house before the holiday season.  However, the latest RealtyTrac foreclosure report shows that, even for October, foreclosures have increased month-to-month for the last two months at a rate that some say proves the housing market is getting worse not better. According to a new article by Housing Wire, the average increase in foreclosures for October was 8 percent over the past three years. This October, it was 15 percent. Nationwide, scheduled foreclosures have jumped significantly in 29 states.

To see which states experienced the largest increase in foreclosed properties, read the full story.

Image credit: 61423903@N06