Dane County foreclosures increased by 60% through the month of June after increasing by 19% in 2007. The foreclosure growth rate also intensified for the state as a whole. Statewide, foreclosures increased by 36% through the month of June after increasing by 28% the prior year.
The table below shows the 20 Wisconsin counties with the highest foreclosure growth rates through the month of June. Dane County, with its 60% growth rate, is 9th on the list. Two counties - Vernon and Sauk - have seen foreclosures grow by over 100% during the first 6 months of 2008. All of the counties in the top 20 list have foreclosure growth rates of at least 50%.
The table below shows the 20 Wisconsin counties with the lowest foreclosure growth rates through the month of June. A handful of counties have actually seen foreclosures decrease during the first 6 months of the year, but the prevailing trend for most Wisconsin counties is toward an increasing number of foreclosures in 2008.
We'll continue to report on Dane County and Wisconsin foreclosure trends as we obtain more data throughout the year. Thanks once again to Andy Lewis and Russ Kashian from the University of Wisconsin Extension, as well as Ryan Wade from Marquette Univesity, for sharing their data.
For more information on Dane County foreclosures, you can view our monthly foreclosure report on the economic trends page at DaneCountyMarket.com. We'll move on from foreclosures for now and take on a new topic in tomorrow's post.
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