Foreclosures Are Up, Up, Up— No Matter How You Count

The total 2007 U.S. foreclosure tally is quickly nearing one million and could exceed two million by the end of the year, RealtyTrac said this morning. The Irvine, Calif.-based Web site counted 925,986 foreclosure filings in the first half of 2007, up 55% from the first half of 2006. That’s a chillingly-high rate of one filing per 134 households.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.