In this Thursday, Oct. 11, 2012, photo, Ford Smith works on a new home under construction in Chicago. Confidence among U.S. homebuilders rose in October to its highest level in six and a half years, driven by strong demand for newly built homes and growing optimism that the housing recovery will strengthen next year. (AP Photo/Nam Y. Huh)
Illinois foreclosures climb 32.6 percent in 2012
Published: 04:34:25 PM, Thu 17 January 2013 UTC
CHICAGO (AP) — Illinois home foreclosure activity rose 32.6 percent in 2012 compared to the previous year. But it was almost 10 percent lower than in 2010.
A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 136,603 foreclosure filings last year. That represents a rate of one in every 39 housing units, or 2.58 percent of all homes. It's the fifth-highest rate in the nation.
Filings include default notices, auction-sale notices and bank repossessions.
Florida had the nation's highest foreclosure rate — one in every 32 housing units. Other states with foreclosure rates worse than Illinois were Nevada, Arizona and Georgia.
Nationally, last year's foreclosure activity fell almost 3 percent from 2011. That was 36 percent lower than in 2010.
Tags:
ap, nation, rates, thursday, illinois, states, report, homes, u.s. state, nevada, percent, chicago, florida, business, foreclosure, irvine, foreclosure activity, foreclosure filings, the nation, repossession, doctor who, 2010s, housing units, foreclosure rates, default notices, home foreclosure activity, calif.-based realtytrac shows, illinois foreclosures, fifth-highest rate, bank repossessions, auction-sale notices
